Government Properties Income Trust Announces Two Office Buildings Recognized for Excellence by BOMA
April 05 2018 - 7:00AM
Business Wire
Government Properties Income Trust (Nasdaq: GOV) today
announced that two of its properties have been designated as 360
Performance Buildings by the Building Owners and Managers
Association (BOMA) International Program Council. The
properties are located at 2020 S. Arlington Heights Road in
Arlington Heights, IL, and One Montvale Avenue, in Stoneham,
MA.
The BOMA 360 Performance Program® sets standards that are often
referred to in the market for operational best practices in the
commercial real estate industry. Earning the 360 label indicates
that BOMA believes a building is outperforming the competition with
regard to its operations and management.
GOV’s 2020 S. Arlington Heights property is a 57,770 square foot
Class A office building located 25 miles north of Chicago. One
Montvale Avenue is a 97,777 square foot, five story multi-tenanted
office building situated 10 miles north of Boston. Both properties
are managed by The RMR Group LLC. The RMR Group
LLC manages Government Properties Income Trust and
it is the majority owned operating subsidiary of The RMR Group
Inc. (Nasdaq: RMR). The RMR Group LLC is responsible for
providing all aspects of property management services to more than
650 buildings with over 75 million square feet of commercial
office, industrial, medical office, lab and retail space.
About Government Properties Income TrustGOV is a real
estate investment trust, or REIT, which primarily owns properties
located throughout the United States that are majority leased to
the U.S. Government and other government tenants and office
properties in the metropolitan Washington, D.C. market area that
are leased to government and private sector tenants. GOV is managed
by the operating subsidiary of The RMR Group Inc. (Nasdaq:
RMR).
About The RMR Group Inc.The RMR Group
Inc. 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, 2017, The
RMR Group LLC had approximately $30 billion of total
assets under management, including more than 1,400 properties, and
employed over 550 real estate professionals in more than 35 offices
throughout the United States; the companies managed
by The RMR Group LLC collectively had approximately 52,000
employees. The RMR Group Inc. is headquartered
in Newton, Massachusetts.
A Maryland Real Estate Investment Trust with
transferable shares of beneficial interest listed on the Nasdaq.No
shareholder, Trustee or officer is personally liable for any act or
obligation of the Trust.
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version on businesswire.com: https://www.businesswire.com/news/home/20180405005152/en/
Government Properties Income TrustChristopher Ranjitkar,
617-219-1410Director, Investor Relationswww.govreit.com
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