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The RMR Group Inc. (NASDAQ: RMR) operates as a holding company conducting its business through its subsidiary, The RMR Group LLC. Founded in 1986, The RMR Group is a renowned alternative asset management company primarily focusing on real estate and related businesses. As of December 31, 2016, the company managed approximately $27.2 billion in total assets, including over 1,400 properties, and employed more than 450 real estate professionals across more than 30 offices throughout the United States. Collectively, the companies managed by The RMR Group LLC had over 53,000 employees.
Core Business
The RMR Group provides comprehensive management services to four publicly traded real estate investment trusts (REITs), three real estate operating companies, one real estate securities mutual fund, and a commercial real estate finance firm. This extensive portfolio showcases the company's depth in managing diverse real estate assets.
Key Operations
The company's operations are segmented into RMR LLC and All Other Operations. Its revenue streams primarily include business and property management services, along with advisory and other related services.
Recent Achievements and Current Projects
- Service Properties Trust: Consistent performance and expansion in hospitality and net lease real estate sectors.
- Office Properties Income Trust: Focused on acquiring, owning, and leasing office spaces, catering to top-tier clients.
- Diversified Healthcare Trust: Specializing in the acquisition and management of healthcare-related properties, ensuring robust healthcare infrastructure.
Partnerships and Financial Condition
The RMR Group has built strategic partnerships with multiple stakeholders in the real estate sector, enhancing its capability to deliver superior management services. Its substantial asset base and diversified revenue streams underline the company's strong financial position.
For more information on The RMR Group, please visit www.rmrgroup.com.
Seven Hills Realty Trust (SEVN) has declared a quarterly cash dividend of $0.35 per share, equivalent to an annual rate of $1.40 per share. The dividend will be paid to shareholders of record as of January 27, 2025, with distribution scheduled for February 20, 2025.
The RMR Group has declared its regular quarterly cash dividend of $0.45 per share for both Class A Common Stock and Class B-1 Common Stock shareholders. This dividend translates to an annual rate of $1.80 per share. The dividend will be paid to shareholders of record as of January 27, 2025, with the distribution scheduled for February 20, 2025.
Diversified Healthcare Trust (Nasdaq: DHC) has declared its regular quarterly cash dividend. The company will distribute $0.01 per share, equivalent to an annual rate of $0.04 per share. The dividend will be paid to shareholders of record as of January 27, 2025, with the payment scheduled for February 20, 2025.
Service Properties Trust (Nasdaq: SVC) has declared its regular quarterly cash dividend of $0.01 per share, equivalent to an annual distribution of $0.04 per share. The dividend will be paid to shareholders of record as of January 27, 2025, with the distribution scheduled for February 20, 2025.
Office Properties Income Trust (Nasdaq: OPI) has announced its regular quarterly cash distribution. The company will pay a dividend of $0.01 per share, which amounts to $0.04 per share annually. The dividend will be paid to shareholders who are on record as of January 27, 2025, with the distribution scheduled for around February 20, 2025.
Industrial Logistics Properties Trust (ILPT) has declared its regular quarterly cash dividend of $0.01 per share, equivalent to an annual rate of $0.04 per share. The dividend will be paid to shareholders of record as of January 27, 2025, with the distribution scheduled for around February 20, 2025.
Seven Hills Realty Trust (SEVN) has closed a $31.2 million first mortgage floating rate bridge loan to finance the acquisition of The Lodge, a student housing property near Texas State University. The property features 696 beds across 258 units and is located near the 40,000-student campus in San Marcos, Texas.
The loan structure includes a three-year initial term with two one-year extension options, subject to borrower requirements. The transaction was facilitated by Walker & Dunlop, which advised the sponsor, Palladius Capital Management. SEVN's manager, Tremont Realty Capital, continues to focus on expanding its presence across key asset classes while seeking attractive risk-adjusted returns for shareholders.
The RMR Group (Nasdaq: RMR) has announced that it will release its fiscal first quarter 2025 financial results on Wednesday, February 5, 2025, after the Nasdaq market closes. The following day, Thursday, February 6, 2025, at 10:00 a.m. Eastern Time, President and CEO Adam Portnoy and CFO Matt Jordan will host a conference call to discuss these results.
The conference call can be accessed by dialing (844) 481-2945 from the U.S. and Canada, or (412) 317-1868 from other locations. No pass code is needed. Participants are advised to dial in 15 minutes before the scheduled start time.
A replay of the call will be available until 11:59 p.m. Eastern Time on Thursday, February 13, 2025, by dialing (877) 344-7529 with replay pass code 7377332. Additionally, a live audio webcast of the call will be accessible on the company's website, rmrgroup.com, and an archived version will be available for replay after the call.
Office Properties Income Trust (OPI) has announced significant asset sales and debt management initiatives. The company completed the sale of 17 unencumbered properties for $114.5 million during Q4 2024. These properties, totaling approximately 1.79 million square feet with a gross book value of $255.6 million, were 44% occupied with a 2.3-year weighted average remaining lease term.
The sold properties generated trailing twelve months net operating income of $17.8 million and cash basis net operating income of $19.4 million. Additionally, OPI has agreements to sell six more properties (581,000 square feet) for $54.8 million.
The company also announced plans to redeem its remaining $113.1 million of 4.50% Senior Notes due 2025, expected to occur around January 22, 2025, using cash on hand.
Diversified Healthcare Trust (Nasdaq: DHC) has appointed Anthony Paula as Vice President. Paula, who currently serves as Vice President at The RMR Group (Nasdaq: RMR), will maintain his responsibilities overseeing DHC's accounting, SEC reporting, and corporate finance functions. Paula brings over 15 years of real estate experience, with expertise in accounting, corporate finance, capital market transactions, and SEC reporting and compliance. Before joining RMR in 2011, he worked as a staff accountant at a public accounting firm.
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