NEWTON, Mass.--(BUSINESS WIRE)--Senior Housing Properties Trust (Nasdaq: SNH) today announced that its Hallmark Health Medical Center property, located in Reading, MA, has been designated as a 360 Performance Building by the Building Owners and Managers Association (BOMA) International Program Council.
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 360 label indicates that BOMA believes a building is outperforming the competition with regard to its operations and management.
Hallmark Health Medical Center is a 33,600 square foot, three story medical office building approximately 15 miles north of Boston. The property is managed by The RMR Group LLC. The RMR Group LLC manages Senior Housing Properties Trust and it is the majority owned operating subsidiary of The RMR Group Inc. (Nasdaq: RMR). The RMR Group LLC is responsible for providing all aspects of property management services to more than 650 buildings with over 75 million square feet of commercial office, industrial, medical office, lab and retail space.
About Senior Housing Properties Trust
Senior Housing Properties Trust is a real estate investment trust, or REIT, which owns senior living communities, medical office buildings and wellness centers throughout the United States. SNH is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR).
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, 2017, The RMR Group LLC had approximately $30 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.
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.