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The RMR Group Announces Execution of New Lease for 9,557 Square Feet at Austin Surgical Plaza in Austin, TX
NEWTON, Mass.--(BUSINESS WIRE)-- The RMR Group Inc. (Nasdaq: RMR) today announced that Covenant Management Systems, L.P. recently signed a new ten-year lease
About this update from The Rmr Group Inc.
[{"type":"text","content":" NEWTON, Mass.--(BUSINESS WIRE)--\nThe RMR Group Inc. (Nasdaq: RMR) today announced that Covenant Management Systems, L.P. recently signed a new ten-year lease for Austin Regional Clinic to open a specialty office in 9,557 square feet at Austin Surgical Plaza in Austin, Texas.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200212005257/en/\n\nAustin Surgical Plaza is a 78,789 square foot, two-story, multi-tenant, Class A medical office building. Located at 6818 Austin Center Boulevard, the property is a short distance from The Domain and The Arboretum developments, offering proximity to numerous retail, dining, entertainment, and hotel amenities. Austin Surgical Plaza is situated immediately off the MoPac Expressway, providing convenient access to downtown Austin, Highway 183 and Interstate 35.\n\n\nThe property is owned by Diversified Healthcare Trust (Nasdaq: DHC) and managed by The RMR Group. The RMR Group is responsible for providing all aspects of management services and strategy for more than 1,400 properties with over 97 million square feet of commercial office, industrial, medical office, life science and retail space.\n\n\nDHC was represented by Will Stewart and Marshall Thurmond of Transwestern. Covenant Management Systems, L.P. was represented by George Baldwin.\n\n\nAbout The RMR Group Inc.\n\n\nThe RMR Group Inc. (Nasdaq: RMR) 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.\n\n\nAbout Diversified Healthcare Trust\n\n\nDiversified Healthcare Trust is a real estate investment trust (REIT) focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the h...