---
title: "Office Properties Nears Deal to Transfer Ownership to Creditors"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279477090.md"
description: "Office Properties, the bankrupt owner of over 120 office buildings, is nearing a deal to transfer ownership to creditors as part of its restructuring efforts. This agreement is expected to reduce the company's debt by $700 million, bringing the total debt down to approximately $1.7 billion. The move aims to help the company manage its financial challenges and streamline operations."
datetime: "2026-03-17T18:37:27.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279477090.md)
  - [en](https://longbridge.com/en/news/279477090.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279477090.md)
generator: "portal-rs"
---

# Office Properties Nears Deal to Transfer Ownership to Creditors

Office Properties, the bankrupt owner of over 120 office buildings, is close to finalizing a deal to resolve its restructuring case. Bloomberg posted on X that the agreement involves transferring ownership to creditors, which will reduce the company's debt by $700 million, bringing it down to approximately $1.7 billion. This move is part of the company's efforts to manage its financial challenges and streamline its operations.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**