Retail

Service-Focused Retail

RMR’s national retail portfolio features a strategically curated mix of value-add and core net-lease properties diversified across geographies, tenants, and industries. Our holdings span neighborhood retail centers, travel centers, and freestanding lcoations including QSRs, restaurants, grocery, fitness, and medical uses.

This broad footprint creates multiple daily consumer touch points and positions the portfolio to benefit the durable, demand-driven traffic across essential and convenience-oriented categories. RMR's hands-on asset management and targeted investment approach strengthen performance, enhance stability, and unlock growth opportunities for our clients and partners.

Portfolio Highlights

Our track record

RMR manages neighbhorhood shopping centers and net lease retail properties for our private capital clients and Service Properties Trust (Nasdaq: SVC). To explore our retail portfolio, visit svcreit.com.

$0B

assets under management

0.2M

Rentable Square Feet

0

Properties in Portfolio

*As of December 2025.

Key Market Drivers

Retail: Resilient, Evolving and Opportunity-Rich

The retail sector is entering a period of renewed strength, shaped by shifting consumer behavior, historically limited new supply and a sustained preference for service‑based, necessity‑driven offerings.

Rebounding Investor Confidence

Institutional capital is returning to retail as stable pricing, rising tenant sales productivity, and consistent demand for essential retail categories reinforce sector resilience. High-quality, well-located assets, particularly those anchored by necessity-based tenants, continue to attract strong investor interest.

Ongoing Supply Constraints

New retail development remains historically low, contributing to tighter availability, longer lease terms and improved rent fundamentals as tenants compete for limited high-quality space.

Essential Services & Value Retailers

Quick-service restaurants, grocery operators, discount retailers, medical providers, automotive services, and other non-discretionary users are driving leasing velocity nationwide. These categories benefit from consistent consumer traffic, alignment with everyday spending, and durable demand across economic cycles.

Investment strategy

Our Tow-Pronged Approach

RMR’s retail investment strategy is built around durable demand drivers, service oriented tenancy, and assets that generate stable, predictable cash flows. Our approach centers on two complementary strategies, core NNN retail and value add retail, each designed to deliver both long term income stability and meaningful upside through repositioning and operational enhancement across essential consumer categories.

Our retail portfolio concentrates on operators whose businesses depend on physical locations – restaurants, grocery, auto services and other non-discretionary industries. These categories demonstrate resilient demand and reduced exposure to e-commerce disruption.

Our core assets are anchored by long term triple net (NNN) leases, providing predictable cash flows with minimal ongoing capital requirements. This structure enhances income durability and supports resilient performance throughout economic cycles.

We focus on markets with healthy demographics, steady traffic patterns, and supportive retail fundamentals. Portfolio diversification across industries, credit tiers, and consumer categories further reinforces stability and reduces concentration risk.

Value-Add Retail: Revitalizing retail for long-term growth

RMR specializes in value-add retail, targeting underutilized assets with strong repositioning potential. We focus on durable demand, embedded foot traffic and demographic tailwinds, applying disciplined execution to revitalize essential retail and deliver lasting value for our investors.

  • Value-Add Neighborhood Centers: RMR selectively acquires multi tenant neighborhood centers in high barrier or evolving trade areas where operational improvements, re merchandising, or active leasing can unlock significant value. These assets often present opportunities to reposition underperforming centers into modern, essential oriented retail environments.
  • Unlocking Fundamental Outperformance: Our value add platform is designed to drive measurable outperformance by addressing embedded challenges including vacancy, outdated layouts, underutilized space, or tenant mix misalignment. Through strategic leasing, refreshed branding, and targeted capital improvements, we revitalize centers to better meet daily consumer needs and elevate property NOI.
  • Measured Reinvestment & Asset Optimization: We invest capital thoughtfully, prioritizing improvements that enhance tenant performance, modernize physical attributes, and strengthen the long term relevance of each asset. All repositioning decisions are grounded in disciplined underwriting, deep local market knowledge, and continuous data driven evaluation.
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The RMR Advantage

Why RMR Retail

RMR’s fully integrated platform delivers unified operational oversight, deep cross sector expertise, and scalable infrastructure that consistently enhances execution across our national retail portfolio.

Sourcing Investment Opportunities Through a National, Relationship Driven Platform

RMR leverages a national, relationship driven platform to source retail opportunities. Our long standing connections generate proprietary deal flow, and RMR’s strong reputation makes us a preferred buyer among leading brokers nationwide. With a broad footprint and deep market insight, we identify opportunities early, act decisively, and consistently deliver value for our investors.

Seamless Management Across the Retail Lifecycle

Our asset management, credit, property management, and facilities teams operate within a coordinated, vertically aligned structure. This integration enables faster response times, more effective tenant support, and consistent operational standards across every asset regardless of size, market, or tenant mix.

Leasing & Tenant Engagement Grounded in Real Insight

Retail focused asset managers leverage robust data tools including foot traffic analytics, tenant sales performance, and local market intelligence to inform leasing strategies and maintain strong, proactive tenant relationships. This insight driven approach is especially critical for service oriented and necessity based retailers who rely on continuous consumer engagement.

Disciplined Capital Planning and Deployment Efforts

RMR applies a rigorous, data‑driven approach to capital planning, balancing day‑to‑day operational needs with transformative investments that reposition assets for long‑term performance. Our in‑house development and project management capabilities enable us to execute both routine capital programs and full‑scale redevelopments with efficiency, precision, and strategic focus.

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RMR manages hotel and retail focused net lease real estate for Service Properties Trust (Nasdaq: SVC). To learn more about SVC, visit svcreit.com.

More about SVC (Nasdaq: SVC)

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The information appearing on RMR’s website includes statements which constitute forward looking statements. These forward looking statements are based upon RMR’s present intents, beliefs or expectations, but forward looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in forward looking statements. The information contained in SVC's filings with the Securities and Exchange Commission, including under “Risk Factors" and “Warnings Concerning Forward Looking Statements” in SVC's periodic reports and other filings, identifies important factors that could cause SVC's actual results to differ materially from those stated in SVC's forward looking statements. SVC's filings with the SEC are available on the SEC’s website at www.sec.gov and are also accessible on SVC's website at the following link: SEC Filings. You should not place undue reliance upon forward looking statements.

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