NEWTON, Mass.--(BUSINESS WIRE)--Government Properties Income Trust (Nasdaq: GOV) today announced that two of its properties have been designated as 360 Performance Buildings by the Building Owners and Managers Association (BOMA) International Program Council. The properties are located at 2020 S. Arlington Heights Road in Arlington Heights, IL, and One Montvale Avenue, in Stoneham, MA.
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.
GOV’s 2020 S. Arlington Heights property is a 57,770 square foot Class A office building located 25 miles north of Chicago. One Montvale Avenue is a 97,777 square foot, five story multi-tenanted office building situated 10 miles north of Boston. Both properties are managed by 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). 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 Government Properties Income Trust
GOV is a real estate investment trust, or REIT, which primarily owns properties located throughout the United States that are majority leased to the U.S. Government and other government tenants and office properties in the metropolitan Washington, D.C. market area that are leased to government and private sector tenants. GOV 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.