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Redwood Capital Gains Control of Bankrupt REIT

Primul articol: 17 mar. 2026, 19:13 | Ultima actualizare: 17 mar. 2026, 19:13 | 1 sursa | 1 articol
#redwoodcapital#reit#bankruptcy#economy

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Redwood Capital, along with other creditors, has secured control of a bankrupt REIT. The move comes after the REIT faced significant financial challenges, ultimately leading to its bankruptcy. The acquisition by Redwood Capital and the other creditors signals a new chapter for the REIT, with potential changes in strategy and management expected as the new owners seek to revitalize the company and its assets.

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Redwood Capital Among Creditors to Get Control of Bankrupt REIT Foto: Bloomberg
Bloomberg English Steven Church 17 mar. 2026, 19:13 (acum 5 ore)

Redwood Capital Among Creditors to Get Control of Bankrupt REIT

Office Properties Income Trust, the bankrupt owner of more than 120 office buildings, is nearing a deal to settle a months-long restructuring case by handing ownership to creditors in exchange for cutting its debt load by $700 million to about $1.7 billion.

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