Articles from Orion Properties Inc.

Orion Office REIT Inc. (NYSEONL) (“Orion” or the “Company”), a fully-integrated real estate investment trust (“REIT”) engaged in the ownership, acquisition and management of a diversified portfolio of single-tenant net lease office properties located across the United States, announced today a change in its corporate name to Orion Properties Inc., to better describe its broader investment strategy to shift its portfolio concentration over time away from traditional office properties, towards more dedicated use assets that have an office component. The Company’s ticker symbol will remain “ONL.” Consistent with the foregoing strategy, during September 2024, Orion acquired an approximately 97,000 square foot flex/laboratory/R&D facility in San Ramon, California for $34.6 million. As of December 31, 2024, approximately 31.8% of the Company’s Annualized Base Rent was derived from properties it deemed dedicated use assets.