Tremont Mortgage Trust [Merged] | REIT Profile

Symbol: TRMT
CIK: 1708405
Exchange: NASDAQ
Founded: 2017
HQ: United States
Type of REIT: Mortgage REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Mortgage

Tremont Mortgage Trust is a real estate finance company focusing primarily on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate (CRE). We believe capital markets for CRE financing is undergoing a fundamental change presenting an opportunity for alternative lenders like TRMT. TRMT's goal is to be a leading provider of debt capital secured by middle-market capital CRE. Our manager, Tremont Realty Advisors LLC, is an SEC registered investment adviser owned by The RMR Group LLC, an alternative asset manager founded in 1986 to manage CRE companies and related businesses. The RMR Group Inc. (Nasdaq: RMR) is a holding company and substantially all of its business is conducted by its majority-owned subsidiary, The RMR Group LLC. The RMR Group LLC's business primarily consists of providing management services to six publicly owned real estate investment trusts, or REITs, and three real estate related operating companies. As of March 31, 2018, The RMR Group LLC had approximately $30.0 billion of total assets under management, including more than 1,700 properties, and employed over 550 real estate professionals in more than 35 offices throughout the United States; the companies managed by The RMR Group LLC collectively had approximately 52,000 employees. In 2016, The RMR Group LLC acquired the historical Tremont business, which specialized in middle market CRE finance. In connection with the acquisition, 16 real estate professionals, including loan originators in six offices around the U.S., joined The RMR Group LLC. Tremont Mortgage Trust seeks to leverage the CRE debt expertise of the Tremont team with the national platform and real estate management experience of The RMR Group LLC.