Government Properties Income Trust Announces Two Properties Recognized for Excellence by BOMA and GRACRE
05 April 2017 - 10:00PM
Business Wire
Government Properties Income Trust (Nasdaq: GOV) today announced
that two of its properties have recently been recognized by
separate organizations for excellence. The properties are located
in Minneapolis, MN (330 South Second Avenue) and Richmond, VA (9960
Mayland Drive).
GOV’s 330 South Second Avenue building in Minneapolis, MN was
recently recognized as a Building Owners and Managers Association
International (BOMA) 360 designee. 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
this building is outperforming the competition with regard to its
operations and management.
GOV’s 9960 Mayland Drive property in Richmond, VA was recently
recognized by the Greater Richmond Association for Commercial Real
Estate (GRACRE) for “Best Office Renewal” for 2016. GRACRE is an
organization that advocates on behalf of commercial real estate
owners, developers and related professionals in the Richmond, VA
area.
The two GOV properties are managed by RMR Real Estate Services,
a division of The RMR Group LLC. The RMR Group LLC manages
Government Properties Income 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
65 million square feet of commercial office, industrial, medical
office, lab and retail space that are managed by The RMR Group
LLC.
About Government Properties Income Trust
Government Properties Income Trust is a real estate investment
trust, or REIT, which owns properties leased primarily to the U.S.
Government and state governments located throughout the United
States. GOV is managed by The RMR Group LLC, the majority owned
operating subsidiary of The RMR Group Inc. (Nasdaq: RMR) and an
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 December 31, 2016, The RMR Group LLC had
approximately $27.2 billion of total assets under management,
including more than 1,400 properties, and employed over 450 real
estate professionals in more than 30 offices throughout the United
States; the companies managed by The RMR Group LLC collectively had
over 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/20170405005384/en/
Government Properties Income TrustChristopher Ranjitkar,
617-219-1410Director, Investor Relationswww.govreit.com
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