NEWTON, Mass.--(BUSINESS WIRE)--Government Properties Income Trust (Nasdaq: GOV) today announced that two of its properties have recently been recognized by separate organizations for excellence. The properties are located in Minneapolis, MN (330 South Second Avenue) and Richmond, VA (9960 Mayland Drive).
GOV’s 330 South Second Avenue building in Minneapolis, MN was recently recognized as a Building Owners and Managers Association International (BOMA) 360 designee. The BOMA 360 Performance Program® sets standards that are often referred to in the market for operational best practices in the commercial real estate industry. Earning the BOMA 360 label indicates that BOMA believes this building is outperforming the competition with regard to its operations and management.
GOV’s 9960 Mayland Drive property in Richmond, VA was recently recognized by the Greater Richmond Association for Commercial Real Estate (GRACRE) for “Best Office Renewal” for 2016. GRACRE is an organization that advocates on behalf of commercial real estate owners, developers and related professionals in the Richmond, VA area.
The two GOV properties are managed by RMR Real Estate Services, a division of The RMR Group LLC. The RMR Group LLC manages Government Properties Income Trust and it is the majority owned operating subsidiary of The RMR Group Inc. (Nasdaq: RMR). RMR Real Estate Services is responsible for providing all aspects of property management services to more than 600 buildings with over 65 million square feet of commercial office, industrial, medical office, lab and retail space that are managed by The RMR Group LLC.
About Government Properties Income Trust
Government Properties Income Trust is a real estate investment trust, or REIT, which owns properties leased primarily to the U.S. Government and state governments located throughout the United States. GOV is managed by The RMR Group LLC, the majority owned operating subsidiary of The RMR Group Inc. (Nasdaq: RMR) and an alternative asset management company that is headquartered in Newton, MA.
About The RMR Group Inc.
The RMR Group Inc. is a holding company and substantially all of its business is conducted by its majority owned operating subsidiary, The RMR Group LLC. The RMR Group LLC is an alternative asset management company that primarily provides management services to publicly traded REITs and real estate related operating companies. As of December 31, 2016, The RMR Group LLC had approximately $27.2 billion of total assets under management, including more than 1,400 properties, and employed over 450 real estate professionals in more than 30 offices throughout the United States; the companies managed by The RMR Group LLC collectively had over 53,000 employees. The RMR Group Inc. is headquartered in Newton, Massachusetts.
A Maryland Real Estate Investment Trust with transferable shares of
beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.