The RMR Group Inc. - RMR STOCK NEWS

Diversified Healthcare Trust (Nasdaq: DHC) will release its third quarter 2022 financial results after market close on November 2, 2022. A conference call led by President Jennifer Francis and CFO Richard Siedel will be held on November 3, 2022, at 10:00 a.m. ET. Participants can join via a dedicated telephone line or listen online. DHC, a real estate investment trust with a $6.9 billion portfolio, operates 378 properties across 36 states, focusing on high-quality healthcare assets. The company is managed by The RMR Group (Nasdaq: RMR), overseeing assets worth over $37 billion.

Service Properties Trust (Nasdaq: SVC) has announced an amendment to its revolving credit facility, extending the maturity date to July 2023. Key changes include maintaining a minimum liquidity of $600 million until the repayment of $500 million in senior notes due in June 2023, and the lifting of restrictions on common dividend payments. CFO Brian Donley noted that these amendments enhance financial flexibility and reflect improvements in the hotel portfolio's performance.

Office Properties Income Trust (Nasdaq: OPI) will announce its third quarter 2022 financial results on Thursday, October 27, 2022, after market close. A conference call, hosted by President Christopher Bilotto and CFO Matthew Brown, is scheduled for Friday, October 28, 2022, at 10:00 a.m. Eastern Time. Participants can join via phone or listen to a live audio webcast on the company's website. OPI focuses on leasing office properties primarily to high-credit-quality tenants, with 63% of revenues coming from investment-grade-rated tenants as of June 30, 2022.

Service Properties Trust (Nasdaq: SVC) has entered a purchase agreement to sell 16 Marriott-branded hotels for $137.3 million, expected to close in Q4 2022. Alongside this, SVC has sold 61 out of 68 marketed Sonesta-branded hotels for $523.1 million, with 6 additional hotels under agreement for $34.2 million. Proceeds will be used for general corporate purposes, including debt repayment.

As of June 30, 2022, SVC manages assets worth over $11 billion across hotels and retail properties.

Seven Hills Realty Trust (Nasdaq: SEVN) will release its Q3 2022 financial results on October 26, 2022, post-market. A call led by President Tom Lorenzini and CFO Tiffany Sy is scheduled for October 27, 2022, at 11:00 a.m. ET. Call-in numbers are (866) 739-7850 for U.S. and (412) 317-6592 for international participants. A replay will be available until November 3, 2022. The company specializes in first mortgage loans for middle-market and transitional commercial real estate and is managed by Tremont Realty Capital, affiliated with The RMR Group.

Industrial Logistics Properties Trust (Nasdaq: ILPT) will release its third quarter 2022 financial results on October 25, 2022, after market close. A conference call will follow on October 26, 2022, at 10:00 a.m. ET, hosted by President Yael Duffy and CFO Brian Donley. The call can be accessed at (877) 418-4826, with an international number of (412) 902-6758. A replay will be available until November 2, 2022, at 11:59 p.m. ET. ILPT focuses on high-quality distribution properties, managing a portfolio of 412 properties across 39 states.

Industrial Logistics Properties Trust (Nasdaq: ILPT) closed a $1.235 billion debt financing, securing 104 industrial properties across 31 states.

With a maturity date of October 9, 2027, the financing facilitated the repayment of a $1.385 billion bridge loan due in February 2023. The new debt is structured as interest-only loans with a total weighted average interest rate of SOFR plus 3.93%. ILPT's properties are 96.8% occupied, demonstrating stability in its portfolio, and management highlights plans to strengthen its balance sheet in the future.

Seven Hills Realty Trust (Nasdaq: SEVN) announced the appointment of Tiffany Sy as Chief Financial Officer and Treasurer, effective October 1, 2022. Sy, a certified public accountant, has been with The RMR Group since 2020 and will succeed Douglas Lanois, who is resigning from his positions effective September 30, 2022. Lanois has played a significant role since joining SEVN in 2021. The transition aims to maintain operational continuity, as Lanois will stay on as a non-executive employee until the end of December 2022.

Seven Hills Realty Trust (Nasdaq: SEVN) has secured a $47.0 million first mortgage floating-rate bridge loan aimed at financing the acquisition and renovation of a 330,000 square foot industrial warehouse in Passaic, New Jersey. An initial $38.4 million was funded at closing, with potential future advances of $8.6 million. This transaction marks SEVN's sixth loan closing this year, increasing its committed capital to over $760 million. The loan is set for a three-year term with two one-year extensions, emphasizing SEVN's strategy to grow and diversify its portfolio.