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Security Profile
- Security Type
- Real Estate Investment Trust (REIT)
- CUSIP
- 81784E101 (prev. 76970B101 )
- Market Cap
- Small Cap
- Previous Symbol
- RMRM (changed 9/30/2021)
- Previous Name
- RMR Mortgage Trust
Business: Seven Hills Realty Trust is a real estate finance company that originates and invests in first mortgage loans secured by middle market and transitional commercial real estate. SEVN is managed by Tremont Realty Capital, an affiliate of The RMR Group Inc. (Nasdaq: RMR), a leading U.S. alternative asset management company.
Notes: December 12, 2021 -- Seven Hills Realty Trust, a Maryland real estate investment trust (the “MD REIT” or the “Registrant”), as the successor registrant to Seven Hills Realty Trust, a Maryland statutory trust (the “Trust”). Effective at 4:01 p.m. (Eastern Time) on December 22, 2021 (the “Effective Time”), the Trust converted from a Maryland statutory trust to a Maryland real estate investment trust (the “Conversion”). <p> September 30, 2021 -- RMR Mortgage Trust (Nasdaq: RMRM) today announced that it has completed its merger with Tremont Mortgage Trust (Nasdaq: TRMT).In connection with the merger, the combined company changed its name to “Seven Hills Realty Trust.” The company will begin trading on the Nasdaq under the ticker symbol “SEVN” on October 1, 2021. For more information about SEVN, please visit www.SEVNreit.com. Concurrent with the merger, SEVN’s manager, Tremont Realty Advisors LLC, has changed its name to “Tremont Realty Capital.” <p> After the close of business on Friday, January 20, 2012, RMR Real Estate Income Fund (NYSE Amex: RIF) was merged with and into RMR Asia Pacific Real Estate Fund (NYSE Amex: RAP), and RIF ceased to exist as a separate publicly listed company. (Hereinafter in this press release, RIF will be referred to as "Old RIF".) In connection with this merger, RAP was renamed "RMR Real Estate Income Fund". (Hereinafter in this press release, RAP, as renamed, will be referred to as "New RIF".) On January 20, 2012, the closing net asset value per share ("NAV") of the common stock for Old RIF was $38.24 and for New RIF was $18.25. Since the merger was based on the relative NAVs of Old RIF and New RIF, these NAVs generated a merger conversion ratio that resulted in Old RIF common shareholders receiving 2.095 shares of New RIF common stock for each share of Old RIF stock they previously held. Common shareholders of Old RIF may receive fractional shares in connection with the merger. New RIF will trade on the NYSE Amex and will use the ticker symbol "RIF". New RIF's NAV will be reported under the ticker "XRAPX" on Monday, January 23, 2012. Beginning on Tuesday, January 24, 2012, New RIF's NAV will be reported under the ticker "XRIFX". New RIF will continue to use the CUSIP number 76970B101 for its common stock.
Company Contact
- PRS
- Thomas Lorenzini
- CFO
- Matthew Brown
- Headquarters
- Two Newton Place, 255 Washington Street, Suite 300, Newton, MA 02458-1634
- Phone
- 617-332-9530 · Toll-Free 866-790-8165
- Fax
- 617-796-8376
- Investor Relations
- Kevin Barry · 617-332-9530 · ir@SEVNreit.com