NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) today announced that Conroe Willis Family Medicine recently signed a lease to renew occupancy of its 15,055 square foot suite and expand by an additional 4,709 square feet, for a total of 19,764 square feet of space at the League Line Medical Office Building.
The property is a three-story, 59,222 square foot Class-A medical office building located at 4015 Interstate 45 in Conroe, Texas. It currently has approximately 15,000 square feet of contiguous space available in an open layout that can accommodate single or multi-tenant layouts. Situated on I-45 with premier freeway visibility, the League Line Medical Office Building offers tenants direct highway access to The Woodlands and Houston.
The property is owned by Diversified Healthcare Trust (Nasdaq: DHC) and managed by The RMR Group LLC, which manages DHC and is the majority owned operating subsidiary of The RMR Group Inc. The RMR Group LLC is responsible for providing all aspects of management services and strategy for more than 1,400 properties with over 97 million square feet of commercial office, industrial, medical office, life science and retail space.
DHC was represented by Sarah Carter of Transwestern.
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 September 30, 2019, The RMR Group LLC had $32.8 billion of total assets under management, including more than 2,200 properties, and employed nearly 600 real estate professionals in more than 30 offices throughout the United States; the companies managed by The RMR Group LLC collectively had nearly 50,000 employees. The RMR Group Inc. is headquartered in Newton, Massachusetts.
About Diversified Healthcare Trust
Diversified Healthcare Trust is a real estate investment trust (REIT) focused on owning high-quality, private-pay healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum: by care delivery and practice types, by research science disciplines, by location and by financial profile. As of September 30, 2019, DHC’s $8.6 billion portfolio included more than 430 properties in 42 states, occupied by more than 600 tenants, and totaling more than 12.0 million square feet of medical office and life science properties and 32,000 living units. DHC is managed by the operating subsidiary of The RMR Group Inc., an alternative asset management company that is headquartered in Newton, MA. To learn more about DHC, visit www.dhcreit.com.