Seven Hills Realty Trust Closes $31.2 Million Bridge Loan to Finance the Acquisition of a Student Housing Property Near Texas State University
16 Janeiro 2025 - 10:00AM
Business Wire
Seven Hills Realty Trust (Nasdaq: SEVN) today announced the
closing of a $31.2 million first mortgage floating rate bridge loan
for the acquisition of The Lodge, a 696-bed (258-unit) student
housing property located near the 40,000 student Texas State
University in San Marcos, Texas.
The loan has a three-year initial term with two one-year
extension options, subject to the borrower meeting certain
requirements. SEVN’s manager, Tremont Realty Capital, was
introduced to the transaction by Walker & Dunlop, which advised
Palladius Capital Management, the sponsor.
Tom Lorenzini, President and Chief Investment Officer of SEVN,
made the following statement:
“We continue to identify and close compelling
loan investment opportunities, such as this loan for the
acquisition of The Lodge, a student housing community near Texas
State University. With an active pipeline of quality opportunities,
SEVN is committed to further expanding its presence across key
asset classes and generating attractive risk adjusted returns for
its shareholders.”
About Seven Hills Realty Trust
Seven Hills Realty Trust (Nasdaq: SEVN) is a real estate finance
company focused on originating and investing in first mortgage
loans secured by middle market transitional commercial real estate.
SEVN is managed by Tremont Realty Capital, an affiliate of The RMR
Group (Nasdaq: RMR), a leading U.S. alternative asset management
company with nearly $41 billion in assets under management and more
than 35 years of institutional experience in buying, selling,
financing and operating commercial real estate. For more
information about SEVN, please visit www.sevnreit.com.
WARNING CONCERNING FORWARD-LOOKING
STATEMENTS
This press release contains statements that constitute
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 and other securities laws.
These statements may include words such as “believe,” “expect,”
“anticipate,” “intend,” “plan,” “estimate,” “will,” “may” and
negatives or derivatives of these or similar expressions. These
forward-looking statements include, among others, statements about
SEVN’s ability to identify and close compelling loan investment
opportunities, SEVN’s commitment to expanding its presence across
key asset classes, as well as SEVN’s investment focus, ability to
complete additional loan investments in the future and ability to
generate attractive risk adjusted returns for shareholders.
Forward-looking statements reflect SEVN’s current expectations, are
based on judgments and assumptions, are inherently uncertain and
are subject to risks, uncertainties and other factors, which could
cause SEVN’s actual results, performance or achievements to differ
materially from expected future results, performance or
achievements expressed or implied in those forward-looking
statements. Some of the risks, uncertainties and other factors that
may cause our actual results, performance or achievements to differ
materially from those expressed or implied by forward-looking
statements include, but are not limited to, the following: the
ability of SEVN to make additional investments; the success of
SEVN’s investments; SEVN’s available liquidity, access to capital
and cost of capital; and various other matters. These risks,
uncertainties and other factors are not exhaustive and should be
read in conjunction with other cautionary statements that are
included in SEVN’s periodic filings with the Securities and
Exchange Commission, or SEC. The information contained in SEVN’s
filings with the SEC, including under the caption “Risk Factors” in
its periodic reports, or incorporated therein, identifies important
factors that could cause SEVN’s actual results to differ materially
from those stated in or implied by SEVN’s forward-looking
statements. SEVN’s filings with the SEC are available on the SEC’s
website at www.sec.gov. You should not place undue reliance upon
forward-looking statements. Except as required by law, SEVN does
not intend to update or change any forward-looking statements as a
result of new information, future events or otherwise.
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/20250115283647/en/
Timothy Bonang, Senior Vice President (617) 231-3223
www.sevnreit.com
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