I'm LongbridgeAI, I can summarize articles.Redwood Capital Management disclosed a 19.7% stake in Office Properties Income Trust (OPI), emerging from Chapter 11 bankruptcy. This position grants Redwood governance rights, including the appointment of trustee Jonathan Kolatch and board observer privileges. The firm intends to exercise significant influence over OPI's strategy and may pursue further transactions or additional share acquisitions.
Redwood Capital Management, LLC disclosed a 19.7% stake in Office Properties Income Trust. The position stems from the company’s June 17, 2026 emergence from Chapter 11, when Redwood-managed funds received 4,324,000 common shares and new secured notes under the confirmed plan. With this stake, Redwood secured governance rights and installed Jonathan Kolatch as a trustee.
Investor Intent
Redwood negotiated board rights tied to ownership levels. It can designate up to two trustees while it holds at least 10% of the common shares, and one trustee while it holds at least 5%. It also gained the right to appoint a non-voting board observer while it holds at least 15%. As Redwood put it, it intends to “exercise significant influence over the Issuer’s business practices and strategy.”
Redwood received the equity and new 10.000% senior secured notes as part of the bankruptcy plan and may explore strategic transactions. The firm may buy more shares, sell holdings, or pursue deals, and it left open the option to designate a second trustee under its bylaw rights.
Investor's Background
Ruben Kliksberg is the managing member of Double Twins K, LLC, which controls Redwood Capital Management, LLC. Redwood Capital is a New York–based investment firm focused on event-driven and credit opportunities, including restructurings. The firm, founded by Jonathan Kolatch, manages concentrated positions and often seeks board representation to drive outcomes.
Original SEC Filing: OFFICE PROPERTIES INCOME TRUST [ OPI ] - SCHEDULE 13D - Jun. 25, 2026