Real Estate

Seven Hills Realty Trust Closes $24.3 Million First Mortgage Loan to Refinance a Retail Property in Park City, Utah

NEWTON, Mass., July 27, 2026--Seven Hills Realty Trust (Nasdaq: SEVN) today announced the closing of a $24.3 million first mortgage loan to refinance Kimball on Main, a 25,000 square foot retail property located in Park City, Utah.

Seven Hills Realty TrustJuly 27, 20264 min read
Seven Hills Realty Trust Closes $24.3 Million First Mortgage Loan to Refinance a Retail Property in Park City, Utah

About this update from Seven Hills Realty Trust

NEWTON, Mass., July 27, 2026--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq: SEVN) today announced the closing of a $24.3 million first mortgage loan to refinance Kimball on Main, a 25,000 square foot retail property located in Park City, Utah. Kimball on Main is prominently located within Park City's historic Main Street shopping district and is well leased to a diverse mix of retail tenants. The property benefits from strong foot traffic generated by both local residents and year-round tourism, as well as significant barriers to entry driven by restrictive zoning which limits new development within the historic downtown corridor. The loan has a three-year initial term with two one-year extension options, subject to the borrower satisfying certain conditions. The transaction was brought to SEVN's manager, Tremont Realty Capital, by Stanton Road Capital, a private investment management firm with offices in Los Angeles and Park City, and the sponsor and owner of the property. Tom Lorenzini, President and Chief Investment Officer of SEVN, made the following statement: "Kimball on Main is a high quality retail property in the heart of one of the country's premier resort destinations, supported by strong tenant demand, limited new supply and favorable long-term market fundamentals. We were also attracted to this opportunity as it comes to us from a repeat sponsor with whom we have successfully completed prior transactions. Overall, we believe this investment aligns with our disciplined investment strategy and represents a compelling addition to our portfolio." About Seven Hills Realty Trust Seven Hills Realty Trust (Nasdaq: SEVN) is a real estate investment trust that originates and invests in first mortgage loans secured by middle market transitional commercial real estate. SEVN is managed by Tremont Realty Capital, an affiliate of The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $37 billion in assets under management and 40 years of institutional experience in buying, selling, financing and operating commercial real estate. For more information about SEVN, please visit www.sevnreit.com. WARNING CONCERNING FORWARD-LOOKING STATEMENTS This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws....

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