NEWTON, Mass.–(BUSINESS WIRE)–Senior
Housing Properties Trust (Nasdaq: SNH) today announced that St.
David’s Healthcare Partnership, one of the largest health systems in
Texas, has signed a 10-year renewal lease for approximately 42,600
square feet at 1111 W. 34th Street in Austin, Texas.
The property is a four-story, multi-tenant medical office building
approximately three miles north of downtown Austin. The property is
adjacent to Seton Hospital with convenient access to nearby restaurants.
The property is managed by The RMR Group LLC, which manages Senior
Housing Properties Trust and is the majority owned operating subsidiary
of The RMR Group Inc. The RMR Group LLC is responsible for providing all
aspects of property management services to more than 700 buildings with
over 75 million square feet of commercial office, industrial, medical
office, life science and retail space.
SNH was represented by Will Stewart of Transwestern. St. David’s
Healthcare Partnership was represented by Theresa Ellington of HCFD
Realty Management, Inc.
About Senior Housing Properties Trust
SNH is a real estate investment trust, or REIT, that owns medical office
and life science properties, senior living communities and wellness
centers throughout the United States, with $8.4 billion of assets under
management, including more than 460 properties, as of March 31, 2019.
SNH is managed by the operating subsidiary of The RMR Group Inc.
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 March 31, 2019,
The RMR Group LLC had approximately $30.0 billion of total assets under
management, including more than 1,500 properties, and employed almost
600 real estate professionals in more than 30 offices throughout the
United States; the companies managed by The RMR Group LLC collectively
had approximately 50,000 employees. The RMR Group Inc. is headquartered
in Newton, Massachusetts.
Contacts
Michael Kodesch, Director, Investor Relations
(617) 796-8234
