NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) today announced that Adam Portnoy, President and Chief Executive Officer, along with the Board of Directors and other members of the executive management team will ring the Nasdaq Stock Market Opening Bell today, Wednesday, June 14, 2017 at 9:30 a.m. ET. The bell ringing ceremony is occurring in connection with RMR’s previous listing of common shares on the Nasdaq in December 2015.
“The RMR Group began business over 30 years ago as a manager of real estate and real estate related businesses, and we currently have a combined $27.6 billion in assets under management,” said Adam Portnoy, President and Chief Executive Officer. “Today, we are a publicly traded alternative asset management company that manages four publicly traded REITs, three real estate related operating companies, a real estate securities mutual fund and a commercial real estate finance firm. We also want to thank everyone that contributed to our success as a business during the last three decades, including our employees, tenants, clients and investors.”
A live stream of the Nasdaq Opening Bell will be available at https://new.livestream.com/nasdaq/live
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 March 31, 2017, The RMR Group LLC had approximately $27.6 billion of total assets under management, including more than 1,400 properties, and employed over 475 real estate professionals in more than 35 offices throughout the United States; the companies managed by The RMR Group LLC collectively had approximately 53,000 employees. The RMR Group Inc. is headquartered in Newton, Massachusetts.