Office REIT With Carlsbad, San Diego Holdings Exits Bankruptcy as Creditors Take Control in $714MM Debt Cut

Office Properties Income Trust, the national REIT that owns three office buildings in San Diego County, has emerged from Chapter 11 after a court-supervised restructuring that erased existing shareholders and handed the keys to a creditor group led by distressed-debt firm Helix Partners Management. The reorganization, completed June 17, cut roughly $714 million in debt […]