RMR Group Inc Stock Price, News & Analysis

Diversified Healthcare Trust (Nasdaq: DHC) has announced the sale of a 10% equity interest in its life science complex located in Boston for approximately $108 million. This transaction values the property at $1.7 billion after accounting for $620 million of existing debt. DHC intends to utilize the proceeds for capital expenditures, debt reduction, and general business purposes. The complex is nearly fully leased to Vertex Pharmaceuticals and reflects DHC's significant healthcare property portfolio valued at $6.8 billion.

Industrial Logistics Properties Trust (Nasdaq: ILPT) will release its second quarter 2022 financial results after the market closes on July 26, 2022. A conference call hosted by President Yael Duffy and CFO Richard Siedel will take place on July 27, 2022, at 10:00 a.m. ET. The call can be accessed by dialing (877) 418-4826 or (412) 902-6758 from outside the U.S. A replay will be available until August 3, 2022, and a live audio webcast will also be on the company’s website. ILPT focuses on high-quality distribution properties and has a portfolio of 412 properties across 39 states.

Seven Hills Realty Trust (Nasdaq: SEVN) has closed a $29.0 million floating-rate bridge loan to acquire Sunridge Apartment Homes, a 216-unit multifamily property in Las Vegas, Nevada. The initial funding of $23.1 million was provided at closing, with additional advances of approximately $5.9 million available for capital expenditures. This loan marks SEVN's fifth closing this year, raising its total committed capital to over $730 million. The loan has a three-year term with two one-year extension options, dependent on certain requirements.

Office Properties Income Trust (Nasdaq: OPI) held its 2022 Annual Meeting of Shareholders, where key outcomes included the re-election of Trustees Barbara D. Gilmore (75.6%), John L. Harrington (82.0%), William A. Lamkin (96.7%), Elena B. Poptodorova (76.6%), and Managing Trustee Adam D. Portnoy (66.7%). Shareholders approved executive compensation with 92.8% support and ratified Deloitte & Touche LLP as independent auditors for 2022 with 98.7% approval. OPI focuses on owning and leasing office properties primarily to high-quality single tenants.

Service Properties Trust (Nasdaq: SVC) held its 2022 Annual Meeting of Shareholders, resulting in the re-election of several trustees. Laurie B. Burns received 81.9%, Robert E. Cramer 78.9%, Donna D. Fraiche 82.0%, William A. Lamkin 80.3%, and Adam D. Portnoy 64.9%. Additionally, shareholders approved executive compensation with 91.9% support and ratified Deloitte & Touche LLP as independent auditors with 99.5% voting in favor. SVC manages approximately $12 billion in real estate, focused on hotels and service-oriented retail.

Service Properties Trust (Nasdaq: SVC) has announced that President Todd Hargreaves and CFO Brian Donley will present at the Oppenheimer 22nd Annual Consumer Growth and E-Commerce Conference on June 14, 2022, at 8:15 a.m. ET. The management will also hold virtual meetings with investors. A live audio webcast of the presentation will be available on the company's events page. Service Properties Trust is a REIT with about $12 billion in assets, including 298 hotels and nearly 800 retail properties across North America.

Seven Hills Realty Trust (Nasdaq: SEVN) has closed a $31.5 million first mortgage floating-rate bridge loan to finance the acquisition of Summit Apartments, a 154-unit multifamily property in Farmington Hills, Michigan. An initial advance of approximately $28.5 million was made, with up to $3 million available for future capital expenditures. The loan, secured by a fully leased complex, is expected to support future growth as SEVN targets nearly $1 billion in assets. The portfolio now exceeds $700 million in committed capital.

Diversified Healthcare Trust (Nasdaq: DHC) held its 2022 Annual Meeting of Shareholders, where significant outcomes included the re-election of key trustees. Lisa Harris Jones received 80.0% support, John L. Harrington 72.3%, Jennifer F. Francis 97.7%, and Adam D. Portnoy 67.3%. Shareholders approved executive compensation with a favorable vote of 90.3% and ratified the appointment of Deloitte & Touche LLP as independent auditors with 99.4% support. DHC operates a diverse portfolio valued at approximately $6.8 billion across the healthcare sector.

Service Properties Trust (Nasdaq: SVC) announced that President Todd Hargreaves and CFO Brian Donley will present at Nareit’s REITweek: 2022 Investor Conference in New York on June 8, 2022, at 8:00 a.m. Eastern Time. A live audio webcast will be accessible on the company’s website for those wishing to listen. Service Properties Trust is a real estate investment trust with over $12 billion invested in hotels and retail properties, managing 298 hotels and nearly 800 retail properties across the U.S., Puerto Rico, and Canada.