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Investment Strategy

RMR Mortgage Trust (Nasdaq: RMRM) is a real estate finance company advised by Tremont Realty Advisors LLC that focuses on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate.

Operation as a Mortgage REIT

As a mortgage REIT, RMRM’s primary investment objective is to balance capital preservation with generating attractive risk adjusted returns. RMRM will seek to achieve this objective by primarily investing in first mortgage whole loans secured by middle market CRE and transitional CRE.

The first mortgage loans in which RMRM plans to invest will generally have the following characteristics:

  • Principal balances of less than $50.0 million.
  • Stabilized LTV ratios of 75% or less.
  • Terms of five years or less.
  • Floating interest rates based on LIBOR (or other applicable benchmark interest rate index) plus spreads of 275 to 400 basis points
  • Non-recourse to sponsors (subject to customary non-recourse carve-out guarantees) and secured by middle market and transitional CRE across the United States.
  • Equity owned by well capitalized sponsors with experience investing in the relevant real estate property type.

The RMR Advantage

Tremont Realty Advisors LLC is a wholly owned subsidiary of The RMR Group LLC. Tremont Realty Advisors benefits from The RMR Group’s resource rich platform, leveraging its deep industry expertise, “boots on the ground” knowledge and real-time fundamental market data.

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Experience

Over 30 years of experience in the commercial real estate industry supported by a network of over 30 offices nationwide.

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Real-time Market Data

Access to real estate market and property level information on a real-time basis.

Economic And
Demographic Trends

In depth perspective into economic and demographic trends in targeted markets.

Investment Committee

Tremont Realty Advisors has established an investment committee ("Investment Committee") responsible for evaluating mortgage loan origination opportunities and making determinations as to whether or not to fund such loan opportunities, in each case, taking into account respective clients' investment guidelines and considerations, subject to any required approvals by such client. Adam D. Portnoy, Matt Jordan, G. Douglas Lanois and Jennifer B. Clark serve as members of the Investment Committee.