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The offices at West Memorial Place feature use an energy recovery wheel which pre-cools fresh air before it is transferred through the mechanical system, which requires less energy to cool the buildings.
"We continue to make progress on deleveraging our balance sheet through asset sales," states David Blackman, president and CEO of Office Properties Income Trust.
In conjunction with the bankruptcy filing, the internally-managed REIT reports it has entered a stalking horse equity and asset purchase agreement with an entity owned by funds managed by affiliates of Fortress Investment Group of New York City with a bid of $174.4 million.