Expanded Seven Member Board Includes 71% Independent Trustees
NEWTON, Mass.--(BUSINESS WIRE)--Dec. 12, 2024--
Seven Hills Realty Trust (Nasdaq: SEVN) today announced that it has elected Ann M. Danner to the Company’s Board of Trustees as an Independent Trustee, effective immediately. With the addition of Ms. Danner, SEVN now has a seven member board comprised of 71% independent trustees.
Ms. Danner has served as the Founder and Managing Member of RHA Advisors LLC, a construction development and management consultancy, since 2018. Previously, she was Chief Executive Officer of Residential Homes of America, Inc. (RHA), a company that was engaged in the full-cycle development and operation of multifamily apartment projects and for sale housing, which she founded in 1986. Prior to RHA, she was Vice President and Director, Acquisitions and Sales at American United, Inc.Ms. Danner currently serves on the Professional Advisory Board of ALSAC, as Director Emeritus of ALSAC/St. Jude Children’s Research Hospital, on the Advisory Board of Directors of First Women’s Bank and as an Independent Advisory Director of Sordoni Construction Services, Inc.
Adam Portnoy
, SEVN’s Chair of the Board of Trustees, made the following statement on today’s announcement:
“We welcome Ann as a new Independent Trustee to our Board and believe her more than 40 years of real estate industry experience and her strong background in residential and multifamily development, investment, and operations will be a significant asset to our board. We look forward to benefitting from her insight and expertise as we continue our work to create value for SEVN’s shareholders.”
Korn Ferry assisted SEVN’s Nominating and Governance Committee in placing Ann Danner on SEVN’s Board of Trustees.
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.
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.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20241211543466/en/
Timothy Bonang, Senior Vice President
(617) 231-3223
www.sevnreit.com
Source: Seven Hills Realty Trust
