Office Properties Income Trust Elects Mark Talley to Board of Trustees
NEWTON, Mass.--(BUSINESS WIRE)-- Office Properties Income Trust (Nasdaq: OPI) today announced that it has elected Mark Talley to its Board of Trustees as an Independent Trustee, effective immediately. With the addition of Mr. Talley, OPI’s Board now includes nine Trustees, consisting of approximately 78% Independent Trustees, 44% women and 11% members of underrepresented communities.
Mr. Talley is a principal and one of the founding partners of Greenwood Commercial Real Estate, where he primarily provides acquisition, disposition and leasing services for clients regarding office real estate. Prior to starting Greenwood in May 2021, Mr. Talley worked for more than 25 years in various roles in the commercial real estate industry in the metropolitan Detroit, Michigan market, including working at Griswold Realty Advisors between 2012 and 2021, working at Grubb & Ellis between 2007 and 2012 as well as working at Jones Lang LaSalle (including its predecessor LaSalle Partners) between 1995 and 2007. Mr. Talley is also currently involved in various non-profit and civic leadership roles in the Detroit, Michigan area.
Adam Portnoy, Chair of OPI’s Board, made the following statement on today’s announcement:
“We are excited to welcome Mark as an Independent Trustee on OPI’s Board. We believe his more than twenty five years of commercial real estate industry experience, including significant experience in office real estate, will be a significant asset and we look forward to benefitting from his insight and expertise as we continue our work to create value for OPI’s shareholders.”
Korn Ferry assisted OPI’s Nominating and Governance Committee in identifying Mark Talley as a candidate for the Board.
About Office Properties Income Trust
Office Properties Income Trust (Nasdaq: OPI) is a national REIT focused on owning and leasing office properties primarily to single tenants and those with high credit quality characteristics. As of December 31, 2021, approximately 62% of OPI’s revenues were from investment grade rated tenants. OPI owned and leased more than 170 properties as of December 31, 2021, with over 23 million square feet located in 33 states and Washington, D.C. In 2021, OPI was named as an Energy Star® Partner of the Year for the fourth consecutive year, and a Green Lease Leader. OPI is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company. OPI is headquartered in Newton, MA. For more information, visit www.opireit.com.
A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.
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Kevin Barry
Director, Investor Relations
(617) 219-1410
Source: Office Properties Income Trust
Office Properties Income Trust
Symbol: OPI
Exchange: NASDAQ
Founded: 2019 (5 years)
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Office
Externally Managed REIT
REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score.
Latest Price: $1.99
Previous Close: $1.99
Volume: 419,924
52-Week High: $7.42
52-Week Low: $1.79
Last updated: 2024-11-21 - v1.3