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A REIT focused on high-quality office and mixed-use properties in the U.S.
The company is a real estate investment trust (REIT) established in 2009, focusing on owning and managing high-quality office and mixed-use properties across growth-oriented markets in the United States. With a portfolio of 152 properties encompassing 20.5 million rentable square feet, the company diversifies its revenue by leasing to various tenants, the largest being the U.S. government, which provides about 19.5% of its rental income. The company aims to enhance its cash flows through proactive asset management, lease renewals, and property improvements, while also seeking to expand its geographic footprint and reduce capital expenditures through focused acquisitions.
The business strategy incorporates both internal and external growth tactics, emphasizing high-entry-barrier markets and sustainable practices in property management. Given the ongoing trends in office space utilization and a competitive landscape of public and private REITs, the company also selectively engages in divestitures to optimize its portfolio. By leveraging the resources of RMR Group Inc., the company's manager, it looks to create long-term value through disciplined capital allocation and a commitment to sustainability initiatives.
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