The RMR Group Announces Retirement of Executive Vice President Jennifer Francis

Rhea-AI Summary

RMR Group (Nasdaq: RMR) Announces New Development Project in Newton, Mass

NEWTON, Mass.--(BUSINESS WIRE)-- The RMR Group (Nasdaq: RMR) today announced that Jennifer Francis, an Executive Vice President, will be retiring from RMR on July 1, 2024 and that she will be resigning as an executive officer of RMR and Diversified Healthcare Trust (Nasdaq: DHC) effective December 31, 2023.

Ms. Francis’ roles and responsibilities at RMR and DHC will be assumed by other RMR personnel. To ensure a smooth transition, Ms. Francis will remain a non-executive employee of RMR until her retirement on July 1, 2024.

Adam Portnoy, President and Chief Executive Officer of The RMR Group, made the following statement:

“We congratulate Jennifer on her retirement and thank her for 17 years of dedicated service to RMR and its managed companies. Jennifer has made exceptional contributions to our company and provided tremendous mentorship and inspiration for the next generation of leaders at RMR. As a result, I am confident that we have identified the right leaders to assume Jennifer’s roles at RMR and its managed companies and that there will be a seamless transition of responsibilities during the coming months.”

About The RMR Group

The RMR Group is a leading U.S. alternative asset management company, unique for its focus on commercial real estate (CRE) and related businesses. RMR’s vertical integration is supported by over 600 real estate professionals in more than 30 offices nationwide who manage nearly $36 billion in assets under management and leverage more than 35 years of institutional experience in buying, selling, financing and operating CRE. RMR benefits from a scalable platform, a deep and experienced management team and a diversity of direct real estate strategies across its clients. RMR is headquartered in Newton, MA and was founded in 1986. For more information, please visit www.rmrgroup.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231116195553/en/

Kevin Barry, Senior Director, Investor Relations

(617) 658-0776

Source: The RMR Group Inc.

FAQ

What is the latest announcement from RMR Group (Nasdaq: RMR)?

The RMR Group (Nasdaq: RMR) has announced a new development project in Newton, Mass.

Where is the new development project located?

The new development project is located in Newton, Mass.

What is the ticker symbol of RMR Group?

The ticker symbol of RMR Group is Nasdaq: RMR.