RMR’s business primarily consists of providing management services to:

    • - Five publicly traded REITs.
    • - Three real estate related operating companies.
    • - One firm specializing in commercial real estate finance.
    • - One publicly traded closed-end fund that invests in publicly traded securities of real estate companies.

Managed REITs

Service Properties Trust Nasdaq: SVC // AUM: $12.5 Billion

SVC owns a diverse portfolio of hotels and net lease service  and necessity‐based retail properties across the United States,  Puerto Rico and Canada.

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Diversified Healthcare Trust Nasdaq: DHC // AUM: $8.5 billion

DHC owns 407 senior living communities and medical office buildings, located in 37 states and Washington, D.C.

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Office Properties Income Trust Nasdaq: OPI // AUM: $5.8 Billion

OPI owns 184 buildings primarily leased to single tenants and those with high credit quality characteristics like government entities, located in 34 states and Washington, D.C.

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Industrial Logistics Properties Trust Nasdaq: ILPT // AUM: $2.6 Billion

ILPT owns 301 industrial and logistics properties located in 31 states, including 226 properties (buildings, leasable land parcels and easements) located on the island of Oahu, Hawaii.

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Tremont Mortgage Trust Nasdaq: TRMT

TRMT is a real estate finance company focusing on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate (CRE).

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Operating Companies

TravelCenters of America Inc. Nasdaq: TA

TA operates more than 250 full service travel centers located along the U.S. Interstate Highway System and over 40 family style restaurants. Annual revenues: approximately $6.2 billion.

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Five Star Senior Living Inc. Nasdaq: FVE

FVE operates more than 260 senior living communities throughout the U.S. Annual revenues: approximately $1.4 billion.

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Sonesta International Hotels Corporation Privately Owned

Sonesta manages or franchises 83 hotels and cruise ships in seven countries. Annual revenues: approximately $88 million.

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RMR Advisors LLC

RMR Advisors LLC Wholly Owned RMR Subsidiary

An SEC registered investment adviser that manages RMR Mortgage Trust (Nasdaq: RMRM), formerly known as RMR Real Estate Income Fund, which has historically operated as a closed end investment company advised by RMR Advisors LLC. On April 16, 2020, shareholders approved a change in RMRM’s business from a registered investment company to a commercial mortgage REIT and amended RMRM’s fundamental investment policies and restrictions to permit RMRM to pursue its new business.

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Tremont Realty Capital

Tremont Realty Capital A Division of The RMR Group

Tremont Realty Capital includes an operating business that specializes in commercial real estate (CRE) finance, principally raising debt and equity capital for owners of CRE, and an SEC registered investment adviser, Tremont Realty Advisors LLC, which is a wholly owned subsidiary of The RMR Group LLC and which principally provides investment advice concerning real estate debt investments, including mortgage debts and mezzanine financings for real estate businesses.

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Cautionary Language

The information appearing in 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. RMR's actual results may differ materially from those contained in RMR's forward looking statements. The information contained in RMR's filings with the Securities and Exchange Commission (SEC), including under “Risk Factors” and “Warnings Concerning Forward Looking Statements” in RMR's periodic reports and other filings, identifies important factors that could cause RMR's actual results to differ materially from those stated or implied in RMR's forward looking statements. RMR's filings with the SEC are available on the SEC’s website at www.sec.gov and are also accessible on RMR's website at the following link: SEC Filings. You should not place undue reliance upon forward looking statements. Except as required by law, RMR does not intend to update or change any forward looking statements as a result of new information, future events or otherwise.