Seven Hills Realty Trust to Acquire $67 Million in Loans from RMR Group

Reuters
Oct 30
Seven Hills Realty Trust to Acquire $67 Million in Loans from RMR Group

Seven Hills Realty Trust has authorized the purchase of two loans from The RMR Group LLC: a $40 million loan for the SpringHill Suites by Marriott hotel in Revere, Massachusetts, and a $27 million loan for an industrial property in Tredyffrin Township, Pennsylvania. The company expects to close the acquisitions by year-end, with each loan being purchased at its current unpaid balance.

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