The RMR Group Reports Approximately 4.7 Million Square Feet of Leasing Activity for the Three Months Ended June 30, 2023
14 Agosto 2023 - 7:00AM
Business Wire
Total of 77 Leases Executed with a Weighted
Average Roll Up in Rents of 15.8%
Leasing Activity Comprised Predominantly of
Renewals
The RMR Group (Nasdaq: RMR) announced the execution of 77 leases
for approximately 4.7 million square feet on behalf of its clients
during the three months ended June 30, 2023, including 37 leases
with new tenants for approximately 858,000 square feet. The
executed leases resulted in a weighted average roll up in rents of
15.8% and a weighted average lease term of 10.3 years. Industrial
leasing accounted for more than 70% of activity followed by office
and retail, respectively.
Adam Portnoy, President & Chief Executive Officer, made the
following statement:
“RMR’s strong leasing execution this quarter
of 4.7 million square feet resulted in a significant roll up in
rents and an occupancy rate of 96% across our portfolio. The over
3.4 million square feet of lease renewals reflect RMR’s strong
tenant relationships and operational performance at our managed
properties.”
The RMR Group provides asset and property management services
nationwide for more than 1,500 properties with over 120 million
square feet of office, industrial, medical office, life science and
retail space. RMR exclusively provides property management services
to its clients and does not offer standalone property management
services to third-parties.
About The RMR Group
The RMR Group is a leading U.S. alternative asset management
company, unique for its focus on commercial real estate (CRE) and
related businesses. RMR’s vertical integration is supported by
approximately 600 real estate professionals in more than 30 offices
nationwide who manage approximately $36 billion in assets under
management and leverage more than 35 years of institutional
experience in buying, selling, financing and operating CRE. RMR
benefits from a scalable platform, a deep and experienced
management team and a diversity of direct real estate strategies
across its clients. RMR is headquartered in Newton, MA and was
founded in 1986. For more information, please visit
www.rmrgroup.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20230814950714/en/
Christopher Ranjitkar Vice President, Marketing & Corporate
Communications (617) 219-1473
RMR (NASDAQ:RMR)
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