Seven Hills Realty Trust reports developments as a Nasdaq-listed real estate investment trust that originates and invests in first mortgage loans secured by middle market transitional commercial real estate. Its updates center on floating-rate commercial mortgage investments, property-level financing activity, quarterly financial results and regular cash distributions on common shares.
SEVN news also includes dividend tax allocations, earnings conference-call schedules and new loan closings involving commercial property types such as retail, hotel and medical office assets. The company is managed by Tremont Realty Capital, an affiliate of The RMR Group, within a commercial real estate finance operating model focused on secured loan investments.
Seven Hills Realty Trust (Nasdaq: SEVN) announced that it will release its fourth quarter 2024 financial results after the Nasdaq closes on Tuesday, February 18, 2025. A conference call to discuss these results will be held on Wednesday, February 19, 2025 at 11:00 a.m. Eastern Time, hosted by President and Chief Investment Officer Tom Lorenzini, Chief Financial Officer and Treasurer Fernando Diaz, and Vice President Jared Lewis. The call can be accessed by dialing (866) 739-7850 within the United States and Canada or (412) 317-6592 internationally. No pass code is required. Participants should dial in 15 minutes before the scheduled start time.
A replay of the call will be available until 11:59 p.m. on February 26, 2025, by dialing (877) 344-7529 with pass code 4260494. Additionally, a live audio webcast will be available on the company’s website at www.sevnreit.com, with the archived webcast accessible for replay after the call.
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.
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.
Seven Hills Realty Trust (SEVN) has announced the closing of a $45.0 million first mortgage floating rate bridge loan to finance the acquisition of Club Quarters Hotel in Boston, Massachusetts. The 178-room hotel is located at 161 Devonshire Street, near major attractions including the Massachusetts State House, Faneuil Hall, and Boston Common.
The loan features a three-year initial term with two one-year extension options, subject to borrower requirements. The transaction was facilitated by JLL, who advised the borrower, Arch & Devonshire The deal showcases SEVN's commitment to identifying and executing strategic loan investment opportunities to generate attractive risk-adjusted returns for shareholders.
Seven Hills Realty Trust (SEVN) has elected Ann M. Danner as an Independent Trustee to its Board of Trustees, effective immediately. This appointment expands the board to seven members, with 71% being independent trustees. Danner, who founded RHA Advisors in 2018, brings over 40 years of real estate industry experience, particularly in residential and multifamily development. She previously served as CEO of Residential Homes of America, Inc., which she founded in 1986. The appointment aims to leverage her expertise in creating value for SEVN's shareholders. Korn Ferry assisted in the trustee placement process.
Seven Hills Realty Trust (Nasdaq: SEVN) has closed a $42.0 million first mortgage floating rate bridge loan to refinance The Domain at Oxford, a 642-bed student housing property near the University of Mississippi. The loan has a three-year initial term with two one-year extension options, contingent on the borrower meeting specific requirements. SEVN’s manager, Tremont Realty Capital, was introduced to the transaction by Newmark, which advised the sponsor, Shore to Shore Properties. Tom Lorenzini, President and Chief Investment Officer of SEVN, highlighted the growing demand for quality student housing due to rising enrollment at the university, emphasizing the loan's potential to generate attractive risk-adjusted returns for shareholders.
Seven Hills Realty Trust (Nasdaq: SEVN) has announced its financial results for Q3 2024 and the nine months ended September 30, 2024. The company will host a conference call to discuss these results on Tuesday, October 29, 2024, at 11:00 a.m. Eastern Time. The call will be accessible via telephone at (866) 739-7850 for U.S. callers and (412) 317-6592 for international callers. A replay will be available until November 5, 2024, and a live audio webcast will be accessible on SEVN's website.
Seven Hills Realty Trust (Nasdaq: SEVN) has declared a regular quarterly cash distribution of $0.35 per common share, which equates to an annual distribution of $1.40 per share. This dividend will be paid to shareholders of record as of the close of business on October 28, 2024, with the distribution expected to be made on or about November 14, 2024. This announcement demonstrates SEVN's commitment to providing regular returns to its shareholders through dividend payments.
Seven Hills Realty Trust (Nasdaq: SEVN) has announced its schedule for the third quarter 2024 financial results release and conference call. The company will issue a press release with the results after the Nasdaq closes on Monday, October 28, 2024. A conference call to discuss these results is scheduled for Tuesday, October 29, 2024, at 11:00 a.m. Eastern Time.
The call will be hosted by President and Chief Investment Officer Tom Lorenzini, CFO and Treasurer Fernando Diaz, and VP Jared Lewis. Investors can access the call via phone or a live audio webcast on the company's website. A replay of the call will be available until November 5, 2024, through both phone and web platforms.
Seven Hills Realty Trust (Nasdaq: SEVN) has closed a $16.0 million first mortgage floating rate bridge loan for the Home2 Suites by Hilton Lake Mary Orlando, a 123-room extended-stay hotel in Lake Mary, Florida. The loan has a three-year initial term with two one-year extension options. This transaction demonstrates SEVN's ability to close deals in a competitive market while diversifying its portfolio with a premium hotel asset.
The property is strategically located within the Lake Mary Wellness and Technology Park, approximately 15 miles north of Downtown Orlando and 30 miles from Disney World. SEVN's manager, Tremont Realty Capital, was introduced to the deal by Highgate, a repeat borrower. SEVN aims to expand its presence across key asset classes and generate attractive risk-adjusted returns for shareholders.