Senior Housing Properties Trust Announces Board and Management Changes
April 02 2018 - 4:12PM
Business Wire
Jennifer Clark Appointed as a Managing
Trustee
Industry Veteran Jennifer Francis Appointed as
President and Chief Operating Officer as David Hegarty is
Retiring
Senior Housing Properties Trust (Nasdaq:SNH) today announced
that Jennifer B. Clark has been appointed as a Managing
Trustee of SNH, effective immediately, to fill a vacancy on the
Board.
Ms. Clark, age 56, will continue to serve as SNH’s Secretary and
as Executive Vice President, General Counsel and Secretary of
The RMR Group Inc. (Nasdaq: RMR) and The RMR Group
LLC. Ms. Clark also serves on the boards of The RMR Group
Inc., Sonesta International Hotels Corporation, an RMR managed
company, and RMR Advisors LLC, a wholly owned subsidiary of
RMR. Prior to joining The RMR Group in 1999, Ms. Clark
was a partner at the law firm of Sullivan & Worcester
LLP where she had a broad based real estate and finance
practice.
SNH also announced today that Jennifer F. Francis, age 53, has
been appointed as President and Chief Operating Officer, effective
May 1, 2018. She succeeds David J. Hegarty, who is stepping down
from his positions with both SNH and RMR effective April 30, 2018.
To ensure a smooth transition, Mr. Hegarty will remain an employee
of RMR until his retirement on September 30, 2018 and his
retirement agreement with RMR provides that he will be available to
assist both SNH and RMR on an as needed basis thereafter. Mr.
Hegarty has been with SNH since its founding in 1999, and he has
been with RMR since 1987, and both the SNH and RMR Boards are
grateful for his many years of service to the companies.
Ms. Francis is a 12 year veteran of The RMR Group and currently
serves as a Senior Vice President of RMR, responsible for asset
management and leasing activities at all RMR managed properties.
Prior to joining RMR in 2006, Ms. Francis was a Partner at CBRE/NE
Partners, where she provided brokerage and corporate advisory
services for large corporate clients on their national commercial
real estate portfolios. Previously, Ms. Francis was a Vice
President at The Gunwyn Company, where she was responsible for the
asset management of a portfolio of commercial, retail and
residential assets. Ms. Francis has more than 30 years of
experience in the commercial real estate industry. She is a member
of the National Association of Industrial and Office Properties
(NAIOP) and a member of the Commercial Real Estate Women
(CREW).
About Senior Housing Properties Trust
Senior 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 operating subsidiary of The RMR Group Inc.
(Nasdaq: RMR), an alternative asset management company that is
headquartered in Newton, MA.
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/20180402005811/en/
Senior Housing Properties TrustBrad Shepherd, (617)
796-8234Director, Investor Relations
Senior Housing Properties (NASDAQ:SNH)
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