RMR Mortgage Trust (RMRM)

Seven Hills Realty Trust (Nasdaq: SEVN) today announced the closing of a $21.0 million first mortgage floating-rate bridge loan to finance the acquisition of Bellevue Terrace, a 72,000 square foot multi-tenant office property located at 3633 136th Place SE in Bellevue, Washington.

Seven Hills Realty Trust (Nasdaq: SEVN), today announced that it will issue a press release containing its third quarter 2021 financial results after the Nasdaq closes on Tuesday, November 2, 2021. On Wednesday, November 3, 2021 at 10:00 a.m. Eastern Time, President Tom Lorenzini and Chief Financial Officer Doug Lanois will host a conference call to discuss these results.

RMR Mortgage Trust (Nasdaq: RMRM) today announced that it has completed its merger with Tremont Mortgage Trust (Nasdaq: TRMT).

RMR Mortgage Trust (Nasdaq:RMRM) today announced the closing of a $16.5 million first mortgage floating-rate bridge loan to finance the acquisition of City Center Crossing, a grocery anchored retail center located at 6331 Roswell Road in the Sandy Springs submarket of Atlanta, Georgia.

Tremont Mortgage Trust (Nasdaq: TRMT) announced the results of its special meeting of shareholders held on Friday, September 17, 2021, as follows.

RMR Mortgage Trust (Nasdaq: RMRM) announced the results of its special meeting of shareholders held on Friday, September 17, 2021, as follows.

RMR Mortgage Trust (Nasdaq: RMRM) today announced that, on September 10, 2021, three proxy advisory firms that advise institutional investors, Institutional Shareholder Services Inc., or ISS, Glass Lewis & Co., LLC, or Glass Lewis, and Egan-Jones Proxy Services, or Egan-Jones, have all recommended that clients of RMRM vote “FOR” the issuance of shares, or the RMRM Share Issuance Proposal, in connection with the previously-announced merger of RMR Mortgage Trust and Tremont Mortgage Trust (Nasdaq: TRMT) at the special meeting of shareholders of RMRM to be held on September 17, 2021 at 10:00 a.m. Eastern Time. In recommending that RMRM shareholders vote “FOR” the RMRM Share Issuance Proposal, the proxy advisory firms endorsed the strategic, corporate governance and financial merits of the merger. In separate reports, ISS, Glass Lewis and Egan-Jones also recommended that TRMT shareholders vote “FOR” the merger.

Tremont Mortgage Trust (Nasdaq: TRMT) today announced that, on September 10, 2021, three proxy advisory firms that advise institutional investors, Institutional Shareholder Services Inc., or ISS, Glass Lewis & Co., LLC, or Glass Lewis, and Egan-Jones Proxy Services, or Egan-Jones, have all recommended that shareholders vote “FOR” the previously-announced merger of TRMT with and into RMR Mortgage Trust (Nasdaq: RMRM) at the special meeting of TRMT shareholders to be held on September 17, 2021 at 11:00 a.m. Eastern Time. In recommending that TRMT shareholders vote “FOR” the merger, the proxy advisory firms endorsed the strategic, corporate governance and financial merits of the transaction. In separate reports, ISS, Glass Lewis and Egan-Jones also recommended that RMRM shareholders vote “FOR” the issuance of RMRM common shares in the merger.

Tremont Mortgage Trust (Nasdaq: TRMT) today announced the closing of a $50.0 million first mortgage floating rate bridge loan to finance the acquisition of 10000 NCX, a Class A, 15-story, 296,000 square foot office tower located at 10000 North Central Expressway in Dallas, Texas. TRMT’s manager, Tremont Realty Capital, was introduced to the transaction by Colliers International, which advised the sponsor, Charter Holdings.

Tremont Mortgage Trust (Nasdaq: TRMT) today announced that it has declared a final cash distribution to its shareholders of $0.17 per TRMT common share in order to satisfy its distribution requirements as a real estate investment trust, or REIT, and in order to avoid income and excise taxation as a REIT prior to the closing of its previously announced merger with RMR Mortgage Trust (Nasdaq: RMRM), in accordance with the Agreement and Plan of Merger, dated as of April 26, 2021, or the Merger Agreement. TRMT’s distribution will be paid to its common shareholders of record as of the close of business on September 7, 2021, on or about September 29, 2021. RMRM also announced today that it has declared a cash distribution to its shareholders of $0.15 per RMRM common share that will be paid to RMRM’s common shareholders of record as of the close of business on September 7, 2021, on or about September 29, 2021. These distributions are being paid in lieu of TRMT and RMRM’s respective regular quarterly distribution to shareholders for the quarter ending September 30, 2021.

RMR Mortgage Trust (Nasdaq: RMRM) today announced that it has declared a cash distribution to its shareholders of $0.15 per RMRM common share in lieu of its regular quarterly distribution to RMRM common shareholders for the quarter ending September 30, 2021, and in anticipation of the closing of the previously announced merger, or Merger, with Tremont Mortgage Trust (Nasdaq: TRMT). RMRM’s distribution will be paid to its common shareholders of record as of the close of business on September 7, 2021, on or about September 29, 2021. TRMT also announced today that it has declared a final cash distribution to its shareholders of $0.17 per TRMT common share that will be paid to its shareholders of record as of the close of business on September 7, 2021, on or about September 29, 2021, in order to satisfy its distribution requirements as a real estate investment trust and to avoid the payment of entity level income and excise tax. RMRM expects that it will resume its regular schedule of quarterly distributions in February 2022.

RMR Mortgage Trust (Nasdaq: RMRM) today announced the closing of a $12.5 million first mortgage floating-rate bridge loan to finance the acquisition of 80 Main, a Class A, 45-unit apartment building located at 80 S. Main St. in Seattle, Washington. The loan is structured with a three-year initial term and two one-year extension options, subject to the borrower meeting certain requirements. RMRM’s manager, Tremont Realty Capital, was introduced to the transaction by IPA Capital Markets, a Marcus & Millichap Company, which advised the sponsor, Unico Properties.

RMR Mortgage Trust (Nasdaq: RMRM) today announced financial results for the quarter and six months ended June 30, 2021.

Tremont Mortgage Trust (Nasdaq: TRMT) today announced the closing of a $13.4 million first mortgage floating-rate bridge loan to finance the acquisition of Parallax Apartments, a 66-unit, Class A, multifamily property located at 4030 North Williams Avenue in Portland, Oregon. The loan is structured with a three-year initial term and two one-year extension options, subject to the borrower meeting certain requirements. TRMT’s manager, Tremont Realty Capital, was introduced to the transaction by IPA Capital Markets, a Marcus & Millichap Company.

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Tremont Mortgage Trust (Nasdaq: TRMT) today announced financial results for the quarter and six months ended June 30, 2021.

RMR Mortgage Trust (Nasdaq: RMRM) today announced the closing of a $19.7 million first mortgage floating-rate bridge loan to finance the acquisition of Laurel 42, a 100-unit apartment building located at 4242 NE Halsey Street in Portland, Oregon. The loan is structured with a three-year initial term and two one-year extension options, subject to the borrower meeting certain requirements. RMRM’s manager, Tremont Realty Capital, was introduced to the transaction by IPA Capital Markets, a Marcus & Millichap Company.

RMR Mortgage Trust (Nasdaq: RMRM), today announced a regular quarterly cash distribution on its common shares of $0.15 per common share ($0.60 per share per year). The distribution declared today will be paid to RMRM’s common shareholders of record as of the close of business on July 26, 2021 and distributed on or about August 19, 2021.

RMR Mortgage Trust (Nasdaq: RMRM) today announced the closing of a $27.4 million first mortgage floating-rate bridge loan to refinance 500 N. Central Expressway in Plano, Texas, a five-story, 237,000 square foot, multi-tenant office property. RMRM’s manager, Tremont Realty Capital, was introduced to the transaction by Jones Lang LaSalle Incorporated, which advised the sponsor, MoxieBridge.

RMR Mortgage Trust (Nasdaq: RMRM), today announced that it will issue a press release containing its second quarter 2021 financial results after the Nasdaq closes on Tuesday, August 3, 2021. On Wednesday, August 4, 2021 at 10:00 a.m. Eastern Time, President Tom Lorenzini and Chief Financial Officer Doug Lanois will host a conference call to discuss these results.

RMR Mortgage Trust (Nasdaq:RMRM) today announced the results of its 2021 Annual Meeting of Shareholders which was held today.

Tremont Mortgage Trust (Nasdaq: TRMT) today announced the closing of a $15.3 million first mortgage floating-rate bridge loan to refinance Prime Center at Northridge office park. The property is comprised of two adjacent single-story multi-tenant office buildings with a total of approximately 125,000 square feet located at 1765 and 1865 W. 121st Avenue in Westminster, Colorado. TRMT’s manager, Tremont Realty Capital, was introduced to the transaction by ColumbiaNational, which advised the sponsors, Redfearn Capital and Foundation Capital Partners.

NEW YORK, NY / ACCESSWIRE / May 5, 2021 / General Finance Corporation (NASDAQ:GFN)

RMR Mortgage Trust (Nasdaq: RMRM) today announced financial results for the quarter ended March 31, 2021.

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Tremont Mortgage Trust (Nasdaq: TRMT) today announced financial results for the quarter ended March 31, 2021.

Halper Sadeh LLP, a global investor rights law firm, is investigating whether the merger of RMR Mortgage Trust (NASDAQ: RMRM) and Tremont Mortgage Trust is fair to RMR Mortgage shareholders. RMR Mortgage is expected to issue common stock in connection with the merger. Upon closing, RMR Mortgage shareholders are expected to own approximately 70% of the combined company’s outstanding common shares.

RMR Mortgage Trust (Nasdaq: RMRM) and Tremont Mortgage Trust (Nasdaq: TRMT) today announced that they have entered into a definitive merger agreement pursuant to which TRMT will merge with and into RMRM, with RMRM continuing as the surviving company. The merger is expected to create a more diversified commercial mortgage real estate investment trust, or REIT, focused on middle market transitional bridge loans with assets expected to approach $1 billion when fully invested. The merger is expected to be accretive to distributable earnings in 2022 with the potential to realize annual expense savings of $1.4 million to $1.6 million, or $0.10 to $0.11 per common share, due to the elimination of certain duplicative public company costs.