Office Properties Income Trust Announces Executive Officer Promotions
September 26 2023 - 4:15PM
Business Wire
Christopher Bilotto Appointed President and
Chief Executive Officer
Brian Donley Appointed Chief Financial Officer
and Treasurer
Office Properties Income Trust (Nasdaq: OPI) today announced
that Christopher Bilotto has been appointed President and Chief
Executive Officer and Brian Donley has been appointed Chief
Financial Officer and Treasurer, both effective October 1,
2023.
Mr. Bilotto has been serving as Chief Operating Officer of OPI
since 2020 and also as President since 2021. He is also a Senior
Vice President of The RMR Group (Nasdaq: RMR), overseeing portfolio
management for all office, industrial and retail properties managed
by RMR, as well as development and redevelopment across the United
States. Prior to joining RMR in 2011, Mr. Bilotto worked at General
Growth Properties in various management roles.
Mr. Donley joined RMR in 2007 and is currently a Senior Vice
President of RMR. Mr. Donley has more than 25 years of accounting
and finance experience in the commercial real estate industry and
is a certified public accountant. Mr. Donley will continue to serve
as Service Properties Trust’s (Nasdaq: SVC) Chief Financial Officer
and Treasurer.
About Office Properties Income Trust
OPI is a national REIT focused on owning and leasing high
quality office and mixed-use properties in select growth-oriented
U.S. markets. As of June 30, 2023, approximately 63% of OPI's
revenues were from investment grade rated tenants. OPI owned and
leased 155 properties as of June 30, 2023, with approximately 20.8
million square feet located in 30 states and Washington, D.C. In
2023, OPI was named as an Energy Star® Partner of the Year for the
sixth consecutive year. OPI is managed by The RMR Group (Nasdaq:
RMR), a leading U.S. alternative asset management company with
approximately $36 billion in assets under management as of June 30,
2023, and more than 35 years of institutional experience in buying,
selling, financing and operating commercial real estate. OPI is
headquartered in Newton, MA. For more information, visit
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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version on businesswire.com: https://www.businesswire.com/news/home/20230926729397/en/
Kevin Barry, Director, Investor Relations (617) 219-1410
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