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  "documentTitle": "Office Properties Income Trust | Investor Presentation Deck | 25 slides",
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  "authorName": "Office Properties Income Trust",
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  "presentationDate": "2023-11-01 00:00:00",
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      "text": "Property Acquisitions & Dispositions ($ millions)\n$849\n$3\n2019\n$47\n$110\n2020\n$577\n$227\n2021\n$211\n2022\n$40\n2023 YTD\nAcquisitions\nDispositions",
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      "text": "Reduce the average age of our portfolio.\nReshape geographic and tenant diversification.\nLengthen the weighted average term of our leases.\nEnhance leasing prospects and tenant retention.\nManage ongoing capital requirements.",
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      "text": "2019\nCompleted $849 million of property sales.\nSold all common shares of The RMR Group for $105 million.\n2020\nCompleted $110 million of property sales.\nAcquired RoundPoint Mortgage HQ in the Charlotte MSA for $35 million and an acquisition in the Boston CBD.\n2021\nCompleted $227 million of property sales.\nRedeployed proceeds into three acquisitions of office properties in Chicago, Atlanta and Boston for $577 million.\n2022\nCompleted $211 million of property sales.\nUsed proceeds to fund development projects and repay debt.\n2023\nCompleted $39.6 million of property sales year to date. (1)\nUsed proceeds to fund development projects and repay debt.\nPlan to increase sales of older, capital-intensive properties; assets OPI believes have maximized value and select market exits.",
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      "text": "(1) Reflects activity through October 2023.",
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      "kind": "title",
      "text": "Since 2019, OPI has sold approximately $1.5 billion of assets and redeployed proceeds into more attractive markets.",
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      "text": "STRATEGIC CAPITAL RECYCLING",
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