Home Commercial 218,000 SQFT Houston Office Tower Returns to Special Servicing Weeks Before $37.5MM Loan Matures
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218,000 SQFT Houston Office Tower Returns to Special Servicing Weeks Before $37.5MM Loan Matures

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Office Properties Income Trust, OPI
Photo by Ameen Fahmy on Unsplash
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The roughly 218,000-square-foot office building at 10333 Richmond Avenue, barely one-third leased and unable to cover its debt payments for a decade, has landed back with a special servicer just weeks before its maturity date, leaving investors in a JPMorgan-sponsored securitization exposed to a loan now valued at more than four times the building's worth. […]

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