Diversified Healthcare Trust Appoints Christopher Bilotto as President and Chief Executive Officer Effective January 1, 2024
18 November 2023 - 12:00AM
Business Wire
Diversified Healthcare Trust (Nasdaq: DHC) today announced that
Christopher Bilotto has been appointed President and Chief
Executive Officer, effective January 1, 2024.
Mr. Bilotto is an Executive Vice President of The RMR Group
(Nasdaq: RMR), overseeing portfolio management for all office,
industrial and retail properties managed by RMR and hotel and
senior living asset management, as well as development and
redevelopment across the United States. Prior to joining RMR in
2011, Mr. Bilotto worked at General Growth Properties in various
management roles.
Mr. Bilotto succeeds Jennifer Francis who is retiring from RMR
on July 1, 2024 and therefore resigning from her executive officer
positions at DHC and RMR, effective December 31, 2023. Ms. Francis
has been a member of DHC senior management since 2018 and a
Managing Trustee of DHC since 2021. Ms. Francis will continue as a
Managing Trustee of DHC.
About Diversified Healthcare Trust:
DHC is a real estate investment trust focused on owning
high-quality healthcare properties located throughout the United
States. DHC seeks diversification across the health services
spectrum by care delivery and practice type, by scientific research
disciplines and by property type and location. As of September 30,
2023, DHC’s approximately $7.2 billion portfolio included 376
properties in 36 states and Washington, D.C., occupied by
approximately 500 tenants, and totaling approximately 9 million
square feet of life science and medical office properties and more
than 27,000 senior living units. DHC is managed by The RMR Group
(Nasdaq: RMR), a leading U.S. alternative asset management company
with approximately $36 billion in assets under management as of
September 30, 2023 and more than 35 years of institutional
experience in buying, selling, financing and operating commercial
real estate. DHC is headquartered in Newton, MA. For more
information, visit www.dhcreit.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231116865111/en/
Melissa McCarthy, Manager, Investor Relations (617) 796-8234
Diversified Healthcare (NASDAQ:DHC)
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