NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group Inc. (Nasdaq: RMR) was ranked the fastest growing middle market company in Massachusetts by the Boston Business Journal (BBJ) in its inaugural 2020 Middle Market Leaders ranking.
The Middle Market Leaders list ranks publicly traded and private companies with revenues between $25 million and $1 billion by two-year revenue growth. With total revenues of $713.4 million for Fiscal 2019 and two-year revenue growth of nearly 163%, RMR ranked number one among middle market companies in Massachusetts.
“We are proud to be recognized by the Boston Business Journal as part of its Middle Market Leaders, which we believe reflects our successful efforts in managing our client companies during the past couple years,” said Adam Portnoy, President and Chief Executive Officer. “As a leading alternative asset manager, RMR is powered to achieve this top ranking only because of our team of approximately 600 talented professionals located here in our Newton headquarters and throughout our 30-plus offices across the U.S. who demonstrate dedication, an entrepreneurial spirit and a commitment to delivering value each and every day.”
RMR client company Office Properties Income Trust (Nasdaq: OPI) also placed on the 2020 Middle Market Leaders list, ranking 17th with two-year revenue growth of 65%.
Last year, RMR achieved the 75th place ranking on Fortune Magazine’s 100 Fastest-Growing Companies list for 2019.
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, 2019, The RMR Group LLC had $32.2 billion of total assets under management, including more than 2,100 properties, and employed approximately 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.