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The RMR Group ( (RMR) ) just unveiled an announcement.
On January 22, 2025, The RMR Group entered into a new $100 million senior secured revolving credit facility with Citibank, N.A. as Administrative and Collateral Agent. This facility, with an initial maturity date of January 22, 2028, aims to enhance RMR’s financial flexibility for investing in private capital initiatives. It supports RMR’s strategic expansion, including a residential platform acquisition valued over $5 billion and a private capital debt vehicle with $67 million in commitments. The credit facility, secured by RMR’s assets, is intended for general corporate purposes and bears a variable interest rate based on SOFR plus a margin.
More about The RMR Group
The RMR Group is a leading U.S. alternative asset management company with a focus on commercial real estate and related businesses. It operates with over 1,000 real estate professionals across more than 35 offices nationwide, managing nearly $41 billion in assets with over 35 years of experience. Headquartered in Newton, MA, RMR offers a diverse range of direct real estate strategies.
YTD Price Performance: -3.70%
Average Trading Volume: 100,527
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $621.6M
For an in-depth examination of RMR stock, go to TipRanks’ Stock Analysis page.
