Select Income REIT property. (Photo: Select Income REIT)

Select Income REIT and Government Properties Income Trust have entered a definitive agreement to merge.

The resulting REIT, Office Properties Income Trust (OPI), will focus on owning, operating and leasing office buildings primarily leased to single tenants, and high credit quality tenants like government entities.

The new REIT will be listed on the Nasdaq with the ticker symbol “OPI”.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.