NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) today announced that Jennifer B. Clark has been elected as a Managing Director of RMR effective March 28, 2018 to fill a vacancy on the Board.
Ms. Clark (age 56) is Executive Vice President, General Counsel and Secretary of The RMR Group Inc. and The RMR Group LLC. Ms. Clark also serves on the boards of Sonesta International Hotels Corporation (Private), an RMR managed company, and RMR Advisors LLC, a wholly owned subsidiary of RMR. Prior to joining The RMR Group in 1999, Ms. Clark was a partner at the law firm of Sullivan & Worcester LLP where she had a broad based real estate and finance practice.
The RMR Group Inc. is a holding company, and substantially all of its business is conducted by its majority-owned 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 operating companies. As of December 31, 2017, The RMR Group LLC had approximately $30.0 billion of total assets under management, including more than 1,400 properties, and employed over 550 real estate professionals in more than 35 offices throughout the United States; the companies managed by The RMR Group LLC collectively had approximately 52,000 employees. The RMR Group Inc. is headquartered in Newton, Massachusetts.