Office Properties Income Trust Selected as Gold Level 2022 Green Lease Leader
NEWTON, Mass.--(BUSINESS WIRE)-- Office Properties Income Trust (Nasdaq: OPI) announced it has been selected as a Gold Level 2022 Green Lease Leader by the U.S. Department of Energy’s (DOE) Better Buildings Alliance and the Institute for Market Transformation. Launched in 2014, Green Lease Leaders sets national standards for what constitutes a green lease, while recognizing landlords and tenants who modernize their leases to spur collaborative action on energy efficiency, cost-savings, air quality, and sustainability in buildings.
To receive this recognition, OPI qualified for credits in energy efficiency and sustainability best practices such as utility data tracking and sharing, cost recovery for capital improvements and sustainability training. This is the second time that OPI has been recognized as a Green Lease Leader after being named a Silver Level Green Lease Leader in 2019.
This honor follows recent recognition of OPI by other industry and government organizations. Recently, OPI was named ENERGY STAR® Partner of the Year for the fifth consecutive year in a row. Currently, 47 properties in OPI’s portfolio are ENERGY STAR certified. Additionally, 40 OPI properties are designated as 360 Performance Buildings by BOMA, which recognizes the best operational practices in the commercial real estate industry.
Christopher Bilotto, President and Chief Operating Officer of OPI, made the following comment:
“We are proud to achieve Gold Level recognition as a Green Lease Leader, which highlights OPI’s commitment to environmental stewardship and the continued efforts of our manager, The RMR Group, to drive sustainability initiatives across our portfolio.”
OPI is a client of The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with more than $37 billion in assets under management. All properties owned by OPI are managed by RMR, which provides asset and property management services nationwide for nearly 1,400 properties with approximately 116 million square feet of office, industrial, medical office, life science and retail space. RMR exclusively provides property management services to its clients and does not offer standalone property management services to third-parties.
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 March 31, 2022, approximately 64% of OPI’s revenues were from investment grade rated tenants. OPI owned and leased more than 170 properties as of March 31, 2022, with approximately 23 million square feet located in 32 states and Washington, D.C. In 2022, OPI was named as an Energy Star® Partner of the Year for the fifth consecutive year. OPI is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company. For more information, visit opireit.com.
About The RMR Group
The RMR Group (Nasdaq: RMR) is a leading U.S. alternative asset management company, unique for its focus on commercial real estate (CRE) and related businesses. RMR’s vertical integration is supported by more than 600 real estate professionals in over 30 offices nationwide who manage more than $37 billion in assets under management and leverage 35 years of institutional experience in buying, selling, financing and operating CRE. RMR benefits from a scalable platform, a deep and experienced management team and a diversity of direct real estate strategies across its clients. RMR is headquartered in Newton, MA and was founded in 1986. For more information, please visit www.rmrgroup.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.
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Last updated: 2024-11-21 - v1.3