The RMR Group is a commercial real estate asset management company founded in 1986 in Newton, Massachusetts, by Barry M. Portnoy. The company went public in November 2015 and trades on NASDAQ under the ticker symbol RMR. RMR operates as a vertically integrated platform that provides management services to publicly traded real estate investment trusts, private capital vehicles, and real estate operating companies across multiple asset classes. As of March 31, 2026, RMR manages approximately $37 billion in assets under management across approximately 1,800 properties located throughout the United States.
The company's platform encompasses office, industrial, hospitality, retail, senior living, medical office, life sciences, and multifamily properties. RMR's business model centers on fee-based management services, earning recurring management fees through 20-year agreements with its managed REITs. The company manages five publicly traded REITs: Service Properties Trust (NASDAQ: SVC), which focuses on net-leased service-focused retail and hotels; Diversified Healthcare Trust (NASDAQ: DHC), concentrated in senior living, life sciences, and medical office; Industrial Logistics Properties Trust (NASDAQ: ILPT), holding industrial and logistics assets including Hawaii land leases; Office Properties Income Trust (OTCPK: OPITQ), with office properties leased primarily to investment-grade tenants; and Seven Hills Realty Trust (NASDAQ: SEVN), which originates first mortgage loans for transitional commercial real estate.
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