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Seven Hills Realty Trust Closes Two First Mortgage Loans Totaling $74.2 Million

  • Seven Hills Realty Trust (Nasdaq: SEVN) closed two floating rate first mortgage loans with aggregate commitments of approximately $74.2 million.
  • The first loan refinances The Archive Apartments, a 166-unit Class A multifamily property in New Haven, Connecticut, adjacent to Yale University, managed by CBRE on behalf of sponsor Article Student Living.
  • The second loan finances the acquisition of the DoubleTree Suites by Hilton, a 241-room full-service hotel in downtown Salt Lake City, Utah, introduced by JLL on behalf of sponsor Linchris Hotel Corporation.
  • Tom Lorenzini, President and Chief Investment Officer of SEVN, stated the investments target high-quality properties in markets with favorable fundamentals & long-term demand drivers.
  • SEVN is a real estate investment trust managed by Tremont Realty Capital, an affiliate of The RMR Group, which manages approximately $37 billion in assets.
  • The press release includes standard forward-looking statement warnings regarding risks such as investment success, liquidity, & capital access that could cause actual results to differ from expectations.