Office Properties Income Trust · OTC:OPITQ
Office Properties Income Trust — Debt Investor Presentation (October 2025)
64 slides from Office Properties Income Trust's debt investor presentation, Oct 31, 2025
Slide 1: Business Plan Presentation August 2025
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 1 OFFICE PROPERTIES INCOME TRUST BUSINESS PLAN PRESENTATION August 2025 Chicago, IL NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJ
Slide 2: Disclaimer and Forward-Looking Statements
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 2 OFFICE PROPERTIES INCOME TRUST This presentation (together with any related oral commentary and any oral or written supplemental materials or updates, this “Presentation”) has b
Slide 3: Cleansing Materials
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 3 OFFICE PROPERTIES INCOME TRUST Kansas City, MO Cleansing Materials
Slide 4: Business Plan Summary
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 4 OFFICE PROPERTIES INCOME TRUST BUSINESS PLAN SUMMARY Commentary Financial Projections Lease Expirations by Year(1) 1,210 698 1,566 740 980 813 8,041 7% 6% 10% 9% 7% 5% 56% – 10%
Slide 5: Leasing Assumptions
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 5 OFFICE PROPERTIES INCOME TRUST LEASING ASSUMPTIONS Seattle, WA • Business Plan assumptions include a 50-75% renewal probability rate with 18-24 months of down time to re-lease v
Slide 6: Capex Assumptions
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 6 OFFICE PROPERTIES INCOME TRUST $56,645 $56,937 $84,899 $63,376 $64,237 $63,081 $14,895 $9,152 $13,997 $18,180 $21,939 $21,933 $1,917 $1,905 – $20,000 $40,000 $60,000 $80,000 $10
Slide 7: Consolidated Business Plan Projections
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 7 OFFICE PROPERTIES INCOME TRUST San Jose, CA Consolidated Business Plan Projections
Slide 8: Consolidated Business Plan Projections
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 8 OFFICE PROPERTIES INCOME TRUST CONSOLIDATED BUSINESS PLAN PROJECTIONS Note: Information excludes active dispositions (11411 E. Jefferson Avenue and 1920/1930 W University Drive)
Slide 9: Operating & Financial Metrics by Collateral Pool
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 9 OFFICE PROPERTIES INCOME TRUST Note: All information is as of or for the trailing twelve months ended March 31, 2025. Information excludes active dispositions (11411 E. Jefferso
Slide 10: Potential Dispositions Overview
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 10 OFFICE PROPERTIES INCOME TRUST State Number of Properties Sq. Ft. Occupancy (%) WALT by Revenue (Years) Trailing Twelve Months Cash Basis NOI Est. Cash Flow(1) (2026–2030) MD 5
Slide 11: Consolidated Business Plan Projections (Pro Forma for Sale of 26 Properties)
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 11 OFFICE PROPERTIES INCOME TRUST CONSOLIDATED BUSINESS PLAN PROJECTIONS (PRO FORMA FOR THE SALE OF 26 PROPERTIES) Note: Information excludes active dispositions (11411 E. Jeffers
Slide 12: Operating & Financial Metrics by Collateral Pool
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 12 OFFICE PROPERTIES INCOME TRUST Washington, D.C. OPERATING & FINANCIAL METRICS BY COLLATERAL POOL 12
Slide 13: Current CMBS Collateral Properties Portfolio
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 13 OFFICE PROPERTIES INCOME TRUST . . . .0 . . Washington D.C. Central Atlanta ackson Waco Silicon alley CURRENT CMBS COLLATERAL PROPERTIES PORTFOLIO Portfolio Statistics Portfoli
Slide 14: Current CMBS Collateral Operating Cash Flows
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 14 OFFICE PROPERTIES INCOME TRUST CURRENT CMBS COLLATERAL OPERATING CASH FLOWS Operating Cash Flows (dollars and sq. ft. in thousands) CAGR 2025 2026 2027 2028 2029 2030 ('25-'30)
Slide 15: Credit Agreement Collateral Properties Portfolio
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 15 OFFICE PROPERTIES INCOME TRUST CREDIT AGREEMENT COLLATERAL PROPERTIES PORTFOLIO Note: All information is as of or for the trailing twelve months ended March 31, 2025. (1) Inclu
Slide 16: Credit Agreement Collateral Operating Cash Flows
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 16 OFFICE PROPERTIES INCOME TRUST CREDIT AGREEMENT COLLATERAL OPERATING CASH FLOWS Operating Cash Flows (dollars and sq. ft. in thousands) CAGR 2025 2026 2027 2028 2029 2030 ('25-
Slide 17: Credit Agreement Collateral Operating Cash Flows (Top 6 Properties)
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 17 OFFICE PROPERTIES INCOME TRUST CREDIT AGREEMENT COLLATERAL OPERATING CASH FLOWS (TOP 6 PROPERTIES / 64.0% OF 2026 CASH BASIS NOI) Operating Cash Flows (dollars in thousands) CA
Slide 18: $300M Senior Notes Due 2029 Collateral Properties Portfolio
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 18 OFFICE PROPERTIES INCOME TRUST $300M SENIOR NOTES DUE 2029 COLLATERAL PROPERTIES PORTFOLIO Portfolio Statistics Portfolio Locations - Geographic Breakdown Number of Properties
Slide 19: $300M Senior Notes Due 2029 Collateral Operating Cash Flows
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 19 OFFICE PROPERTIES INCOME TRUST $300M SENIOR NOTES DUE 2029 COLLATERAL OPERATING CASH FLOWS Operating Cash Flows (dollars and sq. ft. in thousands) CAGR 2025 2026 2027 2028 2029
Slide 20: $300M Senior Notes Due 2029 Collateral Cash Flows (Top 5 Properties)
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 20 OFFICE PROPERTIES INCOME TRUST $300M SENIOR NOTES DUE 2029 COLLATERAL OPERATING CASH FLOWS (TOP 5 PROPERTIES / 63.4% of 2026 CASH BASIS NOI) CAGR 2025 2026 2027 2028 2029 2030
Slide 21: $610M Senior Notes Due 2029 Collateral Properties Portfolio
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 21 OFFICE PROPERTIES INCOME TRUST $610M SENIOR NOTES DUE 2029 COLLATERAL PROPERTIES PORTFOLIO Portfolio Statistics Portfolio Locations - Geographic Breakdown Number of Properties
Slide 22: $610M Senior Notes Due 2029 Collateral Operating Cash Flows
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 22 OFFICE PROPERTIES INCOME TRUST $610M SENIOR NOTES DUE 2029 COLLATERAL OPERATING CASH FLOWS (1) 554K sq. ft. Bank of America lease free rent rolls off. Operating Cash Flows (dol
Slide 23: $610M Senior Notes Due 2029 Collateral Cash Flows (Top 5 Properties)
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 23 OFFICE PROPERTIES INCOME TRUST $610M SENIOR NOTES DUE 2029 COLLATERAL OPERATING CASH FLOWS (TOP 5 PROPERTIES / 65.3% of 2026 CASH BASIS NOI) CAGR 2025 2026 2027 2028 2029 2030
Slide 24: $445M Senior Notes Due 2027 Collateral Properties Portfolio
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 24 OFFICE PROPERTIES INCOME TRUST $445M SENIOR NOTES DUE 2027 COLLATERAL PROPERTIES PORTFOLIO Portfolio Statistics Portfolio Locations - Geographic Breakdown Number of Properties
Slide 25: $445M Senior Notes Due 2027 Collateral Operating Cash Flows
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 25 OFFICE PROPERTIES INCOME TRUST $445M SENIOR NOTES DUE 2027 COLLATERAL OPERATING CASH FLOWS Note: Information excludes active dispositions (11411 E. Jefferson Avenue). 11411 E.
Slide 26: $445M Senior Notes Due 2027 Collateral Cash Flows (Top 6 Properties)
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 26 OFFICE PROPERTIES INCOME TRUST $445M SENIOR NOTES DUE 2027 COLLATERAL OPERATING CASH FLOWS (TOP 6 PROPERTIES / 65.0% of 2026 CASH BASIS NOI) CAGR 2025 2026 2027 2028 2029 2030
Slide 27: $445M Senior Notes Due 2027 Cash Flows (Pro Forma for Sale of 12 Properties)
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 27 OFFICE PROPERTIES INCOME TRUST $445M SENIOR NOTES DUE 2027 COLLATERAL OPERATING CASH FLOWS (PRO FORMA FOR THE SALE OF 12 PROPERTIES) Note: Information excludes active dispositi
Slide 28: Unencumbered Properties Portfolio
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 28 OFFICE PROPERTIES INCOME TRUST UNENCUMBERED PROPERTIES PORTFOLIO Portfolio Statistics Portfolio Locations - Geographic Breakdown Number of Properties 25 Rentable sq. ft. (Milli
Slide 29: Unencumbered Properties Operating Cash Flows
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 29 OFFICE PROPERTIES INCOME TRUST UNENCUMBERED PROPERTIES OPERATING CASH FLOWS Operating Cash Flows (dollars and sq. ft. in thousands) Note: Information excludes active dispositio
Slide 30: Unencumbered Properties Operating Cash Flows (Top 5 Properties)
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 30 OFFICE PROPERTIES INCOME TRUST UNENCUMBERED PROPERTIES OPERATING CASH FLOWS (TOP 5 PROPERTIES / 78.2% of 2026 CASH BASIS NOI) CAGR 2025 2026 2027 2028 2029 2030 ('25-'30) Prope
Slide 31: Unencumbered Properties Cash Flows (Pro Forma for Sale of 14 Properties)
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 31 OFFICE PROPERTIES INCOME TRUST UNENCUMBERED PROPERTIES OPERATING CASH FLOWS (PRO FORMA FOR THE SALE OF 14 PROPERTIES) Operating Cash Flows (dollars and sq. ft. in thousands) No
Slide 32: Non-GAAP Financial Measures and Certain Definitions
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 32 OFFICE PROPERTIES INCOME TRUST NON-GAAP FINANCIAL MEASURES AND CERTAIN DEFINITIONS Non-GAAP Financial Measures OPI presents certain “non-GAAP financial measures” within the mea
Slide 33: Business Plan Presentation August 2025
NOT FINANCIAL GUIDANCE. PROVIDED TO LENDERS FOR DUE DILIGENCE PURPOSES. PRELIMINARY DRAFT. SUBJECT TO SIGNIFICANT CHANGE 33 OFFICE PROPERTIES INCOME TRUST BUSINESS PLAN PRESENTATION August 2025 Chicago, IL Two Newton Place 255 Washington Street, Suite 300 Newton, MA 02458 OPIREIT.COM
Slide 34: 2027s Cleansing Materials: Restructuring Term Sheet
Content must not go below this line Glacier Blue 090, 130, 175 Winter Green 105, 135, 130 Mid Slate 115, 120, 135 Purple 080, 075, 155 PRIMARY PALETTE Oxford Blue 030, 040, 070 ACCENT PALETTE Maroon 160, 065, 090 Sandstone 220, 185, 110 Turquoise 080, 175, 140 BACKGROUND Blue Grey 210, 220, 230 CHAR
Slide 35: $90-125 Million Super-Priority DIP Credit Facility Term Sheet
CONFIDENTIAL SUBJECT TO FRE 408 DRAFT 10/25/2025 For Discussion Purposes Only $90-125 MILLION SUPER-PRIORITY DEBTOR-IN-POSSESSION CREDIT FACILITY TERM SHEET SUMMARY OF PRINCIPAL TERMS AND CONDITIONS The following describes the terms of a debtor-in-possession financing (“DIP Facility”) for certain di
Slide 36: DIP Facility Definitions and Amount
2 “Required Backstop Parties” shall mean Ad Hoc Group Lenders holding at least 50.1% of the Commitments. “Required Lenders” shall mean Lenders holding at least 50.1% of the outstanding unused commitments and term loans under the DIP Facility. Amount The DIP Facility shall be comprised of a multi-dra
Slide 37: Exit Premium and Maturity
3 Exit Premium: 4% payable on the full principal commitment of the DIP Facility. Maturity The DIP Loans shall be repaid in full, and the Commitments shall terminate, on the earliest to occur (the “Maturity Date”) of (i) the date that is 12 months from the Closing date, (ii) the Final DIP Order has n
Slide 38: Security and Priority
4 assets of the Credit Parties constituting collateral of the 2027 Notes, including the assignments of rents thereon (including the proceeds of any causes of action under Bankruptcy Code sections 502(d), 544, 545, 547, 548, 549, 550 or 553 or any other avoidance actions under the Bankruptcy Code or
Slide 39: Use of Proceeds
5 Use of Proceeds In accordance with and subject to the Budget (as defined below) and (if applicable) the DIP Orders, the proceeds of the DIP Facility: may be used only for the other following purposes: (A) to pay reasonable and documented costs, fees and expenses that are incurred in connection wit
Slide 40: Allocation and Mandatory Prepayments
6 adverse to the interests of any or all of the 2027 Noteholders, or their respective rights and remedies under the 2027 Notes Indenture and (y) OPI or its subsidiaries who are not Credit Parties shall not be prohibited from obtaining additional funding which may be utilized in connection with the f
Slide 41: Affirmative Covenants
7 Affirmative Covenants The DIP Facility shall contain affirmative covenants customary or appropriate in the context of the proposed DIP Facility or as otherwise required by the Agent and the Lenders, including, without limitation: (i) delivery of financial statements and reports, budgets and varian
Slide 42: Conditions to All Borrowings
8 Conditions to All Borrowings The conditions to the obligation of the Lenders to make the DIP Loans shall be customary or appropriate in the context of the proposed DIP Facility or as otherwise required by the Agent and the Lenders, including, without limitation, (i) the Interim DIP Order and the F
Slide 43: Adequate Protection
9 made to the Credit Parties, the official committee of creditors of the Credit Parties (if applicable) and the United States Trustee (if applicable); and (iii) take such other actions authorized under the DIP Orders. Adequate Protection 2027 Notes Adequate Protection: In exchange for the consent of
Slide 44: Right to Credit Bid
10 Right to Credit Bid Subject to entry of the Final Order, the Agent shall have the right to credit bid (either vehicles) as part of any asset sale process or plan sponsorship process directly or through one or more acquisition and shall have the right to credit bid (either directly or through one
Slide 45: 11
11
Slide 46: Appendix I: Milestones
12 Appendix I Milestone / Date3 i. Commence the chapter 11 cases by no later than ________, 2025 (the date of such commencement, the “Petition Date”); ii. File a motion to seek approval of the DIP Facility by no later than [2 Business Days] following the Petition Date; iii. Obtain the interim order
Slide 47: Appendix II: Additional Definitions
Appendix II ADDITIONAL DEFINITIONS i. “March 2029 Notes” means the $300 million in aggregate principal amount of those certain 9.00% Secured Notes due 2029 and issued by OPI pursuant to that certain Indenture dated as of February 12, 2024, by and among OPI as the issuer and U.S. Bank Trust Company,
Slide 48: Schedule 1: Credit Parties
Schedule 1 Schedule 1 Credit Parties 20 MASS AVE TRS INC. ACP EAST LLC BAYSIDE PKWY FREMONT 2 LLC FP 11 DUPONT CIRCLE, LLC FP 1401 K, LLC FP 540 GAITHER, LLC FP 6315 HILLSIDE CENTER, LLC FP ATLANTIC CORPORATE PARK, LLC FP PATUXENT PARKWAY, LLC FP REDLAND TECHNOLOGY CENTER LLC GOVERNMENT PROPERTIES I
Slide 49: Schedule 1 and 1A: Credit Parties
Schedule 1 15 SIR HOLDINGS CORPORATION SIR JOHNSTON LLC SIR OMAHA LLC SIR PROPERTIES REIT LLC SIR PROPERTIES TRUST SIR REIT PLANO LLC Schedule 1A In the event of the Upsized DIP Loan Option, Credit Parties shall include: OPI BND HOLDINGS TRUST OPI BND PROPERTIES LLC TWELVE24 ATLANTA LLC WEST JAVA SU
Slide 50: Schedule 2: Allocation Methodology
Schedule 1 Schedule 2 Allocation Methodology • Chapter 11 Costs, Fees, and Expenses (including cost of litigation): Parties to agree on equitable allocation methodology, which: o To the fullest extent practicable, parties shall be required to specifically allocate actual costs based on costs directl
Slide 51: 2027 Notes AHG DIP Term Sheet 1
Confidential | Content must not go below this line Glacier Blue 090, 130, 1l Winter Green 105, 135, 130 Mid Slate 115, 120, 135 Purple 080, 075, 155 PRIMARY PALETTE Oxford Blue 030, 040, 070 ACCENT PALETTE Maroon 160, 065, 090 Sandstone 220, 185, 110 Turquoise 080, 175, 140 BACKGROUND Blue Grey 210,
Slide 52: 2027 Notes AHG DIP Term Sheet 2
Confidential | Content must not go below this line Glacier Blue 090, 130, 1l Winter Green 105, 135, 130 Mid Slate 115, 120, 135 Purple 080, 075, 155 PRIMARY PALETTE Oxford Blue 030, 040, 070 ACCENT PALETTE Maroon 160, 065, 090 Sandstone 220, 185, 110 Turquoise 080, 175, 140 BACKGROUND Blue Grey 210,
Slide 53: 2027 Notes AHG Plan Term Sheet 3
Confidential | Content must not go below this line Glacier Blue 090, 130, 1l Winter Green 105, 135, 130 Mid Slate 115, 120, 135 Purple 080, 075, 155 PRIMARY PALETTE Oxford Blue 030, 040, 070 ACCENT PALETTE Maroon 160, 065, 090 Sandstone 220, 185, 110 Turquoise 080, 175, 140 BACKGROUND Blue Grey 210,
Slide 54: 2027 Notes AHG Plan Term Sheet 4: Exit Capital Structure
Confidential | Content must not go below this line Glacier Blue 090, 130, 1l Winter Green 105, 135, 130 Mid Slate 115, 120, 135 Purple 080, 075, 155 PRIMARY PALETTE Oxford Blue 030, 040, 070 ACCENT PALETTE Maroon 160, 065, 090 Sandstone 220, 185, 110 Turquoise 080, 175, 140 BACKGROUND Blue Grey 210,
Slide 55: 2027s Cleansing Materials: Settlement Term Sheet
Content must not go below this line Glacier Blue 090, 130, 175 Winter Green 105, 135, 130 Mid Slate 115, 120, 135 Purple 080, 075, 155 PRIMARY PALETTE Oxford Blue 030, 040, 070 ACCENT PALETTE Maroon 160, 065, 090 Sandstone 220, 185, 110 Turquoise 080, 175, 140 BACKGROUND Blue Grey 210, 220, 230 CHAR
Slide 56: 2027 Notes AHG Settlement 1
Confidential | Content must not go below this line Glacier Blue 090, 130, 1l Winter Green 105, 135, 130 Mid Slate 115, 120, 135 Purple 080, 075, 155 PRIMARY PALETTE Oxford Blue 030, 040, 070 ACCENT PALETTE Maroon 160, 065, 090 Sandstone 220, 185, 110 Turquoise 080, 175, 140 BACKGROUND Blue Grey 210,
Slide 57: 2027 Notes AHG Settlement 2
Confidential | Content must not go below this line Glacier Blue 090, 130, 1l Winter Green 105, 135, 130 Mid Slate 115, 120, 135 Purple 080, 075, 155 PRIMARY PALETTE Oxford Blue 030, 040, 070 ACCENT PALETTE Maroon 160, 065, 090 Sandstone 220, 185, 110 Turquoise 080, 175, 140 BACKGROUND Blue Grey 210,
Slide 58: Disclaimer
Confidential | Content must not go below this line Glacier Blue 090, 130, 1l Winter Green 105, 135, 130 Mid Slate 115, 120, 135 Purple 080, 075, 155 PRIMARY PALETTE Oxford Blue 030, 040, 070 ACCENT PALETTE Maroon 160, 065, 090 Sandstone 220, 185, 110 Turquoise 080, 175, 140 BACKGROUND Blue Grey 210,
Slide 59: Credit Facility DIP Side by Side 1
Confidential | Content must not go below this line Glacier Blue 090, 130, 1l Winter Green 105, 135, 130 Mid Slate 115, 120, 135 Purple 080, 075, 155 PRIMARY PALETTE Oxford Blue 030, 040, 070 ACCENT PALETTE Maroon 160, 065, 090 Sandstone 220, 185, 110 Turquoise 080, 175, 140 BACKGROUND Blue Grey 210,
Slide 60: Credit Facility DIP Side by Side 2
Confidential | Content must not go below this line Glacier Blue 090, 130, 1l Winter Green 105, 135, 130 Mid Slate 115, 120, 135 Purple 080, 075, 155 PRIMARY PALETTE Oxford Blue 030, 040, 070 ACCENT PALETTE Maroon 160, 065, 090 Sandstone 220, 185, 110 Turquoise 080, 175, 140 BACKGROUND Blue Grey 210,
Slide 61: Disclaimer
Confidential | Content must not go below this line Glacier Blue 090, 130, 1l Winter Green 105, 135, 130 Mid Slate 115, 120, 135 Purple 080, 075, 155 PRIMARY PALETTE Oxford Blue 030, 040, 070 ACCENT PALETTE Maroon 160, 065, 090 Sandstone 220, 185, 110 Turquoise 080, 175, 140 BACKGROUND Blue Grey 210,
Slide 62: Legal Entity Structure Chart
P P Clay Ave Waco LLC (DE) P Rio Robles CA LLC (DE) SIR Properties P REIT LLC (MD) SIR Properties Trust (MD) PEchelon Pkwy P MS LLC (DE) 3300 75th Avenue LLC (DE) P Primerica Pkwy P GA LLC (DE) SIR Philadelphia LLC (DE) P Ewing Boulevard LLC (DE) P Prosperity Metro Plaza of Virginia, LLC (DE) Sterli
Slide 63: Initial Proposed Budget – Consolidated Debtors' Forecast
1 INITIAL PROPOSED BUDGET – CONSOLIDATED DEBTORS’ FORECAST SUBJECT TO FRE 408 AND APPLICABLE STATE EQUIVALENTS - NO ADMISSIONS OR WAIVERS Subject to Cleansing $ in 000s Week # Wk 1(1) Wk 2 Wk 3 Wk 4 Wk 5 Wk 6 Wk 7 Wk 8 Wk 9 Wk 10 Wk 11 Wk 12 Wk 13 13 Week Week Ending 7-Nov 14-Nov 21-Nov 28-Nov 5-Dec
Slide 64: Initial Proposed Budget – Debtors' Consolidating Forecast by Silo
2 INITIAL PROPOSED BUDGET – DEBTORS’ CONSOLIDATING FORECAST 10/31/25 – 1/30/26 TOTAL CASH FLOWS BY SILO ($ in 000s) SUBJECT TO FRE 408 AND APPLICABLE STATE EQUIVALENTS - NO ADMISSIONS OR WAIVERS Subject to Cleansing Collateral Pool Credit Facility March 2029 Notes September 2029 Notes 2027 Notes Une
Office Properties Income Trust — Debt Investor Presentation (October 2025) on 6ix