RMR Group Inc - RMR STOCK NEWS

Seven Hills Realty Trust (Nasdaq: SEVN) has closed a $23.8 million first mortgage floating rate loan to recapitalize a newly constructed, 80,000 square foot self-storage facility at 2515 S Broadway, Los Angeles, CA. The Extra Space Storage branded property is situated near the University of Southern California's main campus. The loan has a three-year initial term with two one-year extension options, subject to meeting certain requirements. SEVN’s manager, Tremont Realty Capital, facilitated the transaction through JLL, advising Staley Point Capital. Tom Lorenzini, SEVN's President and Chief Investment Officer, emphasized that this loan expands SEVN’s portfolio into the self-storage sector in a supply-constrained market, aiming to generate attractive, risk-adjusted returns for shareholders.

Seven Hills Realty Trust (Nasdaq: SEVN) will release its second quarter 2024 financial results after the market closes on Monday, July 29, 2024. The following day, July 30, 2024, at 11:00 a.m. ET, President and Chief Investment Officer Tom Lorenzini, CFO Fernando Diaz, and VP Jared Lewis will host a conference call to discuss the results. The call can be accessed by dialing (866) 739-7850 or (412) 317-6592 for international participants. No pass code is required. A replay will be available until August 6, 2024, by dialing (412) 317-0088 with pass code 5505857. A live audio webcast and replay will also be accessible on the company’s website, www.sevnreit.com.

Industrial Logistics Properties Trust (ILPT) will be added to the Russell 3000® Index at the close of the U.S. equity markets on June 28, 2024. This inclusion is part of the 2024 Russell U.S. Indexes annual reconstitution, effective after market close. The preliminary list of additions was posted by FTSE Russell on June 21, 2024. This addition could enhance ILPT's visibility and attract more investors, potentially impacting its stock performance positively.

Seven Hills Realty Trust (Nasdaq: SEVN) announced its inclusion in the Russell 3000® Index, effective after market close on June 28, 2024. This addition follows the annual reconstitution of the Russell U.S. Indexes. The preliminary list of additions was posted by FTSE Russell on June 21, 2024. The inclusion is expected to increase visibility and potentially attract more investment, as the Russell 3000® Index represents a broad segment of the U.S. stock market.

Office Properties Income Trust (Nasdaq: OPI) announced the final results of its private exchange offers for senior unsecured notes. The offers were to exchange notes due in 2025, 2026, 2027, and 2031 for new 9.000% Senior Secured Notes due 2029. The aggregate principal amount of notes accepted for exchange totaled $865.2 million, with $567.4 million in new notes expected to be issued. The exchange offers expired on June 17, 2024, and the settlement date is anticipated to be June 20, 2024. The new notes and related guarantees are not registered under the Securities Act of 1933 and come with transfer restrictions. Only qualified institutional buyers and certain non-U.S. persons were eligible to participate.

Service Properties Trust (SVC) has appointed Jesse Abair as Vice President. Mr. Abair is also a Vice President at The RMR Group (RMR), where he oversees development projects. He brings over 15 years of experience in commercial real estate development to his new role at SVC. Before joining RMR in 2017, Abair was a partner at a Boston law firm, managing a real estate practice.

Office Properties Income Trust (Nasdaq: OPI) announced a Support Agreement with certain noteholders. This agreement pertains to its private exchange offers, allowing the exchange of outstanding senior unsecured notes due between 2025 and 2031 for new 9.000% Senior Secured Notes due 2029. As part of this, approximately $432 million in notes will be exchanged, and 1,433,169 shares of OPI common stock will be issued. The expiration date for the exchange offers has been extended to June 17, 2024. Participation to date includes $413.7 million in tenders of existing notes. The new notes and related guarantees will not be registered under the Securities Act.

Diversified Healthcare Trust (Nasdaq: DHC) has announced that its President and CEO, Chris Bilotto, alongside CFO and Treasurer, Matt Brown, will present at Nareit's REITweek 2024 Investor Conference. The event will take place in New York, NY on Tuesday, June 4, 2024, at 3:00 p.m. Eastern Time. A live audio webcast of the presentation will be accessible on DHC's website in a listen-only mode. Participants should visit the site 15 minutes prior to the presentation start.

Seven Hills Realty Trust (Nasdaq: SEVN) announced that President and Chief Investment Officer Tom Lorenzini, along with Chief Financial Officer and Treasurer Fernando Diaz, will present at Nareit's REITweek 2024 Investor Conference in New York, NY on June 5, 2024, at 11:00 a.m. Eastern Time.

A live audio webcast of the presentation will be available on the company's website in a listen-only mode. Participants are advised to visit the company's website approximately 15 minutes before the presentation starts.