Senior Housing Properties Trust Announces Valley Creek Office Park Achieves BOMA 360 Designation
September 20 2017 - 8:00AM
Business Wire
Senior Housing Properties Trust (Nasdaq: SNH) today announced
that its Valley Creek Office Park property in Golden Valley, MN has
been designated a BOMA 360 Performance Building by the Building
Owners and Managers Association (BOMA) International 360
Performance Program Council.
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 BOMA 360 label
indicates that BOMA believes a building is outperforming the
competition with regard to its operations and management.
The Valley Creek Office Park property consists of three,
three-story adjacent medical office buildings with a total of
128,350 square feet and underground parking available in each
building. The property is currently leased to 11 tenants and North
Memorial Health (NMH) is the largest tenant. The property is also
located approximately six miles west of downtown Minneapolis,
MN.
The property is managed by RMR Real Estate Services, a division
of The RMR Group LLC. The RMR Group LLC manages Senior Housing
Properties Trust and it is the majority owned operating subsidiary
of The RMR Group Inc. (Nasdaq: RMR). RMR Real Estate Services is
responsible for providing all aspects of property management
services to more than 600 buildings with over 70 million square
feet of commercial office, industrial, medical office, lab and
retail space that are managed by The RMR Group LLC.
About Senior Housing Properties TrustSenior Housing
Properties Trust is a real estate investment trust, or REIT, which
owns senior living communities, medical office buildings and
wellness centers throughout the United States. SNH is managed by
The RMR Group LLC, the majority owned operating subsidiary of The
RMR Group Inc. (Nasdaq: RMR) and alternative asset management
company that is headquartered in Newton, MA.
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 June 30, 2017, The RMR
Group LLC had approximately $27.9 billion of total assets under
management, including more than 1,400 properties, and employed over
475 real estate professionals in more than 35 offices throughout
the United States; the companies managed by The RMR Group LLC
collectively had approximately 53,000 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: http://www.businesswire.com/news/home/20170920005436/en/
Senior Housing Properties TrustBrad Shepherd,
617-796-8234Director, Investor Relations
Senior Housing Properties (NASDAQ:SNH)
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