RMRM News and Press, RMR Mortgage Trust From 01/05/21

No Longer an Investment Company Under Investment Company Act of 1940 Announces Management and Board Changes Enters New Business Management Agreement with Tremont Realty Advisors RMR Mortgage Trust (Nasdaq: RMRM) today announced that the Securities and Exc...

With the exception of broadly defined commodities and US and foreign property shares, global markets posted solid gains last year. US stocks were the top 2020 performers, with the Russell 3000 Index surging 20.9% last year. US REITs saw the deepest loss for the major asset classes...

RMR Mortgage Trust (Nasdaq: RMRM) today announced the closing of a $19.1 million first mortgage bridge loan it provided to refinance a three building lab campus containing 47,000 square feet on three acres in Berkeley, California. This first mortgage bridge loan includes initial...

RMRM was a closed-end real estate fund that is currently trading ~50% NAV. It is undergoing a conversion into a commercial mortgage REIT and is expected to deregister as an investment company in January 2021. Once the conversion is complete and investors become aware, the gap betw...

RMR Mortgage Trust (RMRM) closes on two first mortgage whole loans totaling $41.1M with initial fundings of $31.9M.The company closed a $24.6M first mortgage bridge loan it provided for the acquisition of a retail property in East Hollywood/Silverlake submarket of Los Angeles.It also closed a...

RMR Mortgage Trust (Nasdaq: RMRM) today announced the closing on two new first mortgage whole loans totaling $41.1 million with initial fundings of $31.9 million. RMRM closed a $24.6 million first mortgage bridge loan it provided for the acquisition of 5500 Franklin Avenue, a 2-...

As part of its transition to a mortgage REIT, RMR Mortgage Trust (RMRM) said its application to deregister as an investment company is currently pending with the Securities and Exchange Commission and is expected to be complete in January 2021.As of Dec. 18, 2020, legacy positions in investme...

Total housing starts rose to a 1.547 million annual rate from a 1.528 million pace in October, a 1.2 percent increase. The dominant single-family segment, which accounts for more than three-fourths of new home construction, rose 0.4 percent for the month to a rate of 1.186 million. ...

High Flyers: Cannabis REITs have been far-and-away the best-performing property sector for the second year in a row in 2020, soaring more than 150% despite the ongoing pandemic. Marijuana has continued along the seemingly unceasing path towards legalization. After the 2020 election, m...

As the year is starting to wind down, I wanted to take an updated look at what distribution changes happened throughout the year. We had previously done this for a more specific time frame; the time frame of the pandemic to shortly after in June. Again, I'm surprised at how resili...