Shareholders got wiped out, noteholders take losses and get the company, banks appear to be largely unscathed. Here is an example of who is taking the losses from the office meltdown in commercial real estate: Office Properties Income Trust, a publicly traded office REIT that owns 122 office properties with a combined 17.1 million in rentable square feet of office space, filed for Chapter 11 bankruptcy on Thursday – the first office REIT to file for bankruptcy.The US government is the largest tenant at its ...