Exceeds Goal of 50% Diversion of Waste from Landfills a Year Early
Certifies More Than Half of Managed Square Footage Through LEED Four Years Ahead of Target
Leverages Building Performance Standards Expertise to Manage Climate Risks
The RMR Group (Nasdaq: RMR) today announced the publication of its 2024 Sustainability Report, “Value Built on Sustainability,” which details Environmental, Social and Governance (ESG) milestones on behalf of the organization and several of its clients. RMR’s clients include Service Properties Trust (Nasdaq: SVC), Diversified Healthcare Trust (Nasdaq: DHC), Office Properties Income Trust (Nasdaq: OPI), Industrial Logistics Properties Trust (Nasdaq: ILPT), Seven Hills Realty Trust (Nasdaq: SEVN), AlerisLife Inc. (Private) and Sonesta International Hotels Corporation (Private).
The reported achievements underscore RMR’s proactive approach in implementing sustainable practices across its nationwide portfolio, including the following highlights:
- Not only meeting but also exceeding environmental goals, including surpassing RMR’s 50% waste reduction target a year ahead of schedule.
- Certifying 53.1% of managed square footage through LEED, exceeding RMR’s 50% certification goal four years earlier than expected.
- Ensuring compliance with Building Performance Standards, helping maximize financial returns by reducing expenses and exposure to policy risk.
- RMR being named one of the 2024 Best Places to Work in Commercial Real Estate by GlobeSt.com and holding the second-highest number of properties with BOMA 360 designations of any single manager.
John Forester, Vice President, Energy & Sustainability, made the following statement:
“At RMR, sustainability is important to building value for our clients through both higher tenant and resident satisfaction and lower operating costs. We remain on track to meet or exceed our emissions, energy and water targets. Notably, we surpassed our goal of diverting 50% of generated waste from landfills a year early. Additionally, RMR increasingly benefits from collaboration between our technology and sustainability functions, enabling us to advance our Connected Buildings platform to centralize real-time energy analytics and bring remote building automation management to our engineers across our portfolio.”
RMR’s 2024 Sustainability Report is available in the Corporate Sustainability section of its website.
About The RMR Group
The RMR Group is a leading U.S. alternative asset management company, unique for its focus on commercial real estate (CRE) and related businesses. RMR’s vertical integration is supported by over 1,000 real estate professionals in more than 35 offices nationwide who manage over $40 billion in assets under management and leverage more than 35 years of institutional experience in buying, selling, financing and operating CRE. RMR benefits from a scalable platform, a deep and experienced management team and a diversity of direct real estate strategies across its clients. RMR is headquartered in Newton, MA and was founded in 1986. For more information, please visit www.rmrgroup.com.
WARNING REGARDING FORWARD-LOOKING STATEMENTS
This press release includes forward-looking statements that are within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws that are subject to risks and uncertainties. These statements may include words such as “believe,” “could,” “driving,” “estimate,” “expect,” “goal,” “intend,” “may,” “plan,” “project,” “seek,” “should,” “target,” “track,” “will,” “would,” “considering,” and negative or derivatives of these or similar expressions. Forward-looking statements include, without limitation, statements regarding the anticipated benefits of our sustainable practices, our business strategy, plans, expectations and objectives and our ability to capitalize on the foregoing. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those currently anticipated due to a number of risks and uncertainties. The information contained in RMR’s filings with the Securities and Exchange Commission (“SEC”), including under the caption “Risk Factors” in its periodic reports, or incorporated therein, identifies important factors that could cause differences from the forward-looking statements in this press release. RMR’s filings with the SEC are available on its website and at www.sec.gov. You should not place undue reliance on forward-looking statements. Except as required by law, RMR undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
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Contacts
Bryan Maher, Senior Vice President
(617) 796-8230
