organization · Reporting owner

ABP Trust

Disclosed activity across 3 companies

Tapewire entity: 71789
SEC CIK: 0001613450

Reported relationships

Latest disclosed role at each company.

Company	Last reported as	Report date	Published
Seven Hills Realty TrustSEVN · Entity 6435	10% owner	December 11, 2025	December 11, 2025
Tremont Mortgage TrustTRMT · Entity 135000	10% owner	September 18, 2017	September 19, 2017

Disclosed balances

About these balances

Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.

Seven Hills Realty Trust

Report date December 11, 2025 · Filed December 11, 2025

Jointly reported with Tremont Realty Capital LLC, RMR Group LLC, RMR GROUP INC.

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Common Shares of Beneficial InterestSEC Table I · non-derivative	IndirectBy Tremont Realty Capital LLC	4,577,835	Reported balance After 2025-12-11 transaction · row 1 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 1 · 2025-12-11 · Purchase · Acquired 2,015,748 · Balance 4,577,835 F1: On October 30, 2025, in connection with a pro rata offering of transferable subscription rights (the "Rights Offering"), Seven Hills Realty Trust (the "Company") and Tremont Realty Capital LLC ("TRC") entered into a backstop agreement, pursuant to which, among other things, TRC agreed to purchase 100% of all remaining common shares of the Company not otherwise subscribed for in the Rights Offering (the "Backstop Commitment"). Pursuant to the Backstop Commitment, TRC purchased the 2,015,748 common shares of the Company that remained unsubscribed following the expiration date of the Rights Offering. F2: Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose. F3: Reflects shares held directly by TRC. TRC is a direct wholly owned subsidiary of The RMR Group LLC ("RMR LLC"), which is a direct majority owned operating subsidiary of The RMR Group Inc. ("RMR Inc."). ABP Trust, a Maryland statutory trust, is the controlling shareholder of RMR Inc. ABP Trust, RMR Inc. and RMR LLC may be deemed to beneficially own the shares owned directly by TRC. Adam D. Portnoy is the president, sole trustee and beneficial owner of ABP Trust. Mr. Portnoy has separately filed Section 16 reports with respect to his interests in the Company's securities held by TRC and ABP Trust.

Filing footnotes · ownership attribution and instrument terms

F1: On October 30, 2025, in connection with a pro rata offering of transferable subscription rights (the "Rights Offering"), Seven Hills Realty Trust (the "Company") and Tremont Realty Capital LLC ("TRC") entered into a backstop agreement, pursuant to which, among other things, TRC agreed to purchase 100% of all remaining common shares of the Company not otherwise subscribed for in the Rights Offering (the "Backstop Commitment"). Pursuant to the Backstop Commitment, TRC purchased the 2,015,748 common shares of the Company that remained unsubscribed following the expiration date of the Rights Offering.

F2: Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose.

F3: Reflects shares held directly by TRC. TRC is a direct wholly owned subsidiary of The RMR Group LLC ("RMR LLC"), which is a direct majority owned operating subsidiary of The RMR Group Inc. ("RMR Inc."). ABP Trust, a Maryland statutory trust, is the controlling shareholder of RMR Inc. ABP Trust, RMR Inc. and RMR LLC may be deemed to beneficially own the shares owned directly by TRC. Adam D. Portnoy is the president, sole trustee and beneficial owner of ABP Trust. Mr. Portnoy has separately filed Section 16 reports with respect to his interests in the Company's securities held by TRC and ABP Trust.

Tremont Mortgage Trust

Report date September 18, 2017 · Filed September 19, 2017

Jointly reported with PORTNOY BARRY M.

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Common Shares of Beneficial InterestSEC Table I · non-derivative	IndirectBY LLC	600,100	Reported balance After 2017-09-18 transaction · row 1 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 1 · 2017-09-18 · Grant · Acquired 600,000 · Balance 600,100 F1: Shares were acquired directly by Tremont Realty Advisors LLC ("TRA") in a private placement transaction at $20.00 per share. All shares reported are held directly by TRA. TRA is a direct wholly owned subsidiary of The RMR Group LLC ("RMR LLC"), which is a direct majority owned operating subsidiary of The RMR Group Inc. ("RMR INC"), of which Mr. Portnoy is a managing director and controlling shareholder through ABP Trust. Mr. Portnoy is holder of a majority of the shares of beneficial interest in, and a trustee of, ABP Trust. Mr. Portnoy is also a beneficial owner and director of TRA. ABP Trust, RMR INC, RMR LLC and Mr. Portnoy may be deemed to beneficially own the shares owned directly by TRA. Each of ABP Trust and Mr. Portnoy disclaims beneficial ownership of the shares owned by TRA except to the extent of its or his pecuniary interest therein.

Filing footnotes · ownership attribution and instrument terms

F1: Shares were acquired directly by Tremont Realty Advisors LLC ("TRA") in a private placement transaction at $20.00 per share. All shares reported are held directly by TRA. TRA is a direct wholly owned subsidiary of The RMR Group LLC ("RMR LLC"), which is a direct majority owned operating subsidiary of The RMR Group Inc. ("RMR INC"), of which Mr. Portnoy is a managing director and controlling shareholder through ABP Trust. Mr. Portnoy is holder of a majority of the shares of beneficial interest in, and a trustee of, ABP Trust. Mr. Portnoy is also a beneficial owner and director of TRA. ABP Trust, RMR INC, RMR LLC and Mr. Portnoy may be deemed to beneficially own the shares owned directly by TRA. Each of ABP Trust and Mr. Portnoy disclaims beneficial ownership of the shares owned by TRA except to the extent of its or his pecuniary interest therein.

Past disclosures · reporting ended (1)

No longer tracked through insider filings. These historical balances do not imply present ownership or a zero position.

AlerisLife Inc.

Report date January 01, 2020 · Filed January 02, 2020

Section 16 reporting ended · disclosed 2020-01-02. Current position is not established by this disclosure.

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Common StockSEC Table I · non-derivative	Direct	172,784	Reported balance After 2020-01-01 transaction · row 1 Account or security details depend on footnotes; rows are not merged. 1 source row Row 1 · 2020-01-01 · Other · Acquired 172,784 · Balance 172,784 F1: In connection with a Transaction Agreement, dated as of April 1, 2019, between Diversified Healthcare Trust (formerly known as Senior Housing Properties Trust) ("DHC") and Five Star Senior Living Inc. (the "Issuer"), effective January 1, 2020, DHC completed a pro rata distribution to holders of record of DHC's common shares of beneficial interest as of December 13, 2019 of the right to receive an aggregate of approximately 16,119,563 shares of common stock of the Issuer ("Common Shares"), with cash being paid in lieu of fractional shares. ABP Trust received the Common Shares reported in its capacity as a shareholder of DHC. F2: On September 30, 2019, the Issuer effected a reverse stock split (the "Reverse Split") pursuant to which every ten Common Shares were converted and reclassified into one Common Share, subject to the receipt of cash in lieu of fractional shares. The amounts in the table reflect the aggregate shares owned after giving effect to the Reverse Split.
Common StockSEC Table I · non-derivative	IndirectSee Footnote	1,799,999	Reported balance Holding disclosure · report date 2020-01-01 · row 2 Holding and transaction disclosures are not merged. 1 source row Row 2 · Balance 1,799,999 F2: On September 30, 2019, the Issuer effected a reverse stock split (the "Reverse Split") pursuant to which every ten Common Shares were converted and reclassified into one Common Share, subject to the receipt of cash in lieu of fractional shares. The amounts in the table reflect the aggregate shares owned after giving effect to the Reverse Split. F3: These shares are held by ABP Acquisition LLC, of which ABP Trust is the sole member.

Filing footnotes · ownership attribution and instrument terms

F1: In connection with a Transaction Agreement, dated as of April 1, 2019, between Diversified Healthcare Trust (formerly known as Senior Housing Properties Trust) ("DHC") and Five Star Senior Living Inc. (the "Issuer"), effective January 1, 2020, DHC completed a pro rata distribution to holders of record of DHC's common shares of beneficial interest as of December 13, 2019 of the right to receive an aggregate of approximately 16,119,563 shares of common stock of the Issuer ("Common Shares"), with cash being paid in lieu of fractional shares. ABP Trust received the Common Shares reported in its capacity as a shareholder of DHC.

F2: On September 30, 2019, the Issuer effected a reverse stock split (the "Reverse Split") pursuant to which every ten Common Shares were converted and reclassified into one Common Share, subject to the receipt of cash in lieu of fractional shares. The amounts in the table reflect the aggregate shares owned after giving effect to the Reverse Split.

F3: These shares are held by ABP Acquisition LLC, of which ABP Trust is the sole member.

Transaction history

JSON API

Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction date	Company	Activity / security	Shares / units	Reported price	Reported value	Details
December 11, 2025 Filed Dec 11, 2025 21:11 UTC	Seven Hills Realty Trust SEVN · Entity 6435	PurchaseCommon Shares of Beneficial Interest	2,015,748	$8.65	$17,436,220.20	Disclosure SEC source: 0001104659-25-120317 · tm2533211-2_4seq1.xml · nonDerivative · entry 1 Tremont Realty Capital LLC · CIK 0001716421 · 10% owner RMR Group LLC · CIK 0001613503 · 10% owner RMR GROUP INC. · CIK 0001644378 · 10% owner ABP Trust · CIK 0001613450 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · By Tremont Realty Capital LLC Disclosed balance after: 4,577,835 F1 · shares: On October 30, 2025, in connection with a pro rata offering of transferable subscription rights (the "Rights Offering"), Seven Hills Realty Trust (the "Company") and Tremont Realty Capital LLC ("TRC") entered into a backstop agreement, pursuant to which, among other things, TRC agreed to purchase 100% of all remaining common shares of the Company not otherwise subscribed for in the Rights Offering (the "Backstop Commitment"). Pursuant to the Backstop Commitment, TRC purchased the 2,015,748 common shares of the Company that remained unsubscribed following the expiration date of the Rights Offering. F2 · ownership.nature: Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose. F3 · ownership.nature: Reflects shares held directly by TRC. TRC is a direct wholly owned subsidiary of The RMR Group LLC ("RMR LLC"), which is a direct majority owned operating subsidiary of The RMR Group Inc. ("RMR Inc."). ABP Trust, a Maryland statutory trust, is the controlling shareholder of RMR Inc. ABP Trust, RMR Inc. and RMR LLC may be deemed to beneficially own the shares owned directly by TRC. Adam D. Portnoy is the president, sole trustee and beneficial owner of ABP Trust. Mr. Portnoy has separately filed Section 16 reports with respect to his interests in the Company's securities held by TRC and ABP Trust. Read SEC document
December 04, 2025 Filed Dec 9, 2025 21:17 UTC	Seven Hills Realty Trust SEVN · Entity 6435	OtherSubscription Right (Right to Buy) · Derivative	1,708,058	$0.00 Strike: $8.65	$0.00	Disclosure SEC source: 0001104659-25-119671 · tm2533070-1_4seq1.xml · derivative · entry 4 Tremont Realty Capital LLC · CIK 0001716421 · 10% owner RMR Group LLC · CIK 0001613503 · 10% owner RMR GROUP INC. · CIK 0001644378 · 10% owner ABP Trust · CIK 0001613450 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · By Tremont Realty Capital LLC Disclosed balance after: 0 Underlying: Common Shares · 854,029 shares Expires 2025-12-04 F1 · derivative.underlying_shares: On October 30, 2025, Seven Hills Realty Trust (the "Company") announced the terms of a pro rata offering of transferable subscription rights (the "Rights") to holders of the Company's common shares as of the record date of November 10, 2025 ("Record Date Shareholders"), entitling the holders of such Rights to subscribe for up to an aggregate of 7,532,861 of the Company's common shares (the "Rights Offering"). Record Date Shareholders received one Right for each outstanding common share they owned on the record date. The Rights entitled the Record Date Shareholders to purchase one new common share for every two Rights held. The Rights Offering expired on December 4, 2025. F3 · ownership.nature: Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose. F4 · ownership.nature: Reflects shares held directly by Tremont Realty Capital LLC ("TRC"). TRC is a direct wholly owned subsidiary of The RMR Group LLC ("RMR LLC"), which is a direct majority owned operating subsidiary of RMR Inc. ABP Trust, a Maryland statutory trust, is the controlling shareholder of RMR Inc. ABP Trust, RMR Inc. and RMR LLC may be deemed to beneficially own the shares owned directly by TRC. Adam D. Portnoy is the president, sole trustee and beneficial owner of ABP Trust. Mr. Portnoy has separately filed Section 16 reports with respect to his interests in the Issuer securities held by TRC and ABP Trust. Read SEC document
December 04, 2025 Filed Dec 9, 2025 21:17 UTC	Seven Hills Realty Trust SEVN · Entity 6435	OtherSubscription Right (Right to Buy) · Derivative	116,531	$0.00 Strike: $8.65	$0.00	Disclosure SEC source: 0001104659-25-119671 · tm2533070-1_4seq1.xml · derivative · entry 3 Tremont Realty Capital LLC · CIK 0001716421 · 10% owner RMR Group LLC · CIK 0001613503 · 10% owner RMR GROUP INC. · CIK 0001644378 · 10% owner ABP Trust · CIK 0001613450 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · By ABP Trust Disclosed balance after: 0 Underlying: Common Shares · 58,266 shares Expires 2025-12-04 F1 · derivative.underlying_shares: On October 30, 2025, Seven Hills Realty Trust (the "Company") announced the terms of a pro rata offering of transferable subscription rights (the "Rights") to holders of the Company's common shares as of the record date of November 10, 2025 ("Record Date Shareholders"), entitling the holders of such Rights to subscribe for up to an aggregate of 7,532,861 of the Company's common shares (the "Rights Offering"). Record Date Shareholders received one Right for each outstanding common share they owned on the record date. The Rights entitled the Record Date Shareholders to purchase one new common share for every two Rights held. The Rights Offering expired on December 4, 2025. F2 · ownership.nature: Reflects shares held directly by ABP Trust, which includes common shares acquired under a dividend reinvestment plan. ABP Trust is a Maryland statutory trust and controlling shareholder of The RMR Group Inc. ("RMR Inc."). F3 · ownership.nature: Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose. Read SEC document
December 04, 2025 Filed Dec 9, 2025 21:17 UTC	Seven Hills Realty Trust SEVN · Entity 6435	OtherCommon Shares of Beneficial Interest	854,029	$8.65	$7,387,350.85	Disclosure SEC source: 0001104659-25-119671 · tm2533070-1_4seq1.xml · nonDerivative · entry 2 Tremont Realty Capital LLC · CIK 0001716421 · 10% owner RMR Group LLC · CIK 0001613503 · 10% owner RMR GROUP INC. · CIK 0001644378 · 10% owner ABP Trust · CIK 0001613450 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · By Tremont Realty Capital LLC Disclosed balance after: 2,562,087 F1 · shares: On October 30, 2025, Seven Hills Realty Trust (the "Company") announced the terms of a pro rata offering of transferable subscription rights (the "Rights") to holders of the Company's common shares as of the record date of November 10, 2025 ("Record Date Shareholders"), entitling the holders of such Rights to subscribe for up to an aggregate of 7,532,861 of the Company's common shares (the "Rights Offering"). Record Date Shareholders received one Right for each outstanding common share they owned on the record date. The Rights entitled the Record Date Shareholders to purchase one new common share for every two Rights held. The Rights Offering expired on December 4, 2025. F3 · ownership.nature: Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose. F4 · ownership.nature: Reflects shares held directly by Tremont Realty Capital LLC ("TRC"). TRC is a direct wholly owned subsidiary of The RMR Group LLC ("RMR LLC"), which is a direct majority owned operating subsidiary of RMR Inc. ABP Trust, a Maryland statutory trust, is the controlling shareholder of RMR Inc. ABP Trust, RMR Inc. and RMR LLC may be deemed to beneficially own the shares owned directly by TRC. Adam D. Portnoy is the president, sole trustee and beneficial owner of ABP Trust. Mr. Portnoy has separately filed Section 16 reports with respect to his interests in the Issuer securities held by TRC and ABP Trust. Read SEC document
December 04, 2025 Filed Dec 9, 2025 21:17 UTC	Seven Hills Realty Trust SEVN · Entity 6435	OtherCommon Shares of Beneficial Interest	58,266	$8.65	$504,000.90	Disclosure SEC source: 0001104659-25-119671 · tm2533070-1_4seq1.xml · nonDerivative · entry 1 Tremont Realty Capital LLC · CIK 0001716421 · 10% owner RMR Group LLC · CIK 0001613503 · 10% owner RMR GROUP INC. · CIK 0001644378 · 10% owner ABP Trust · CIK 0001613450 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · By ABP Trust Disclosed balance after: 178,488 F1 · shares: On October 30, 2025, Seven Hills Realty Trust (the "Company") announced the terms of a pro rata offering of transferable subscription rights (the "Rights") to holders of the Company's common shares as of the record date of November 10, 2025 ("Record Date Shareholders"), entitling the holders of such Rights to subscribe for up to an aggregate of 7,532,861 of the Company's common shares (the "Rights Offering"). Record Date Shareholders received one Right for each outstanding common share they owned on the record date. The Rights entitled the Record Date Shareholders to purchase one new common share for every two Rights held. The Rights Offering expired on December 4, 2025. F2 · ownership.nature: Reflects shares held directly by ABP Trust, which includes common shares acquired under a dividend reinvestment plan. ABP Trust is a Maryland statutory trust and controlling shareholder of The RMR Group Inc. ("RMR Inc."). F3 · ownership.nature: Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein, and, pursuant to Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, each of the Reporting Persons states that the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of all of the reported securities for purposes of Section 16 or for any other purpose. Read SEC document
January 01, 2020 Filed Jan 2, 2020 17:33 UTC	AlerisLife Inc. NASDAQ:FVE · Entity 115386	OtherCommon Stock	172,784	$0.00	$0.00	Disclosure SEC source: 0001104659-20-000446 · a4.xml · nonDerivative · entry 1 ABP Trust · CIK 0001613450 · 10% owner 10b5-1 filing: Not disclosed Ownership: Direct Disclosed balance after: 172,784 F1 · kind: In connection with a Transaction Agreement, dated as of April 1, 2019, between Diversified Healthcare Trust (formerly known as Senior Housing Properties Trust) ("DHC") and Five Star Senior Living Inc. (the "Issuer"), effective January 1, 2020, DHC completed a pro rata distribution to holders of record of DHC's common shares of beneficial interest as of December 13, 2019 of the right to receive an aggregate of approximately 16,119,563 shares of common stock of the Issuer ("Common Shares"), with cash being paid in lieu of fractional shares. ABP Trust received the Common Shares reported in its capacity as a shareholder of DHC. F1 · price: In connection with a Transaction Agreement, dated as of April 1, 2019, between Diversified Healthcare Trust (formerly known as Senior Housing Properties Trust) ("DHC") and Five Star Senior Living Inc. (the "Issuer"), effective January 1, 2020, DHC completed a pro rata distribution to holders of record of DHC's common shares of beneficial interest as of December 13, 2019 of the right to receive an aggregate of approximately 16,119,563 shares of common stock of the Issuer ("Common Shares"), with cash being paid in lieu of fractional shares. ABP Trust received the Common Shares reported in its capacity as a shareholder of DHC. F2 · balance_after: On September 30, 2019, the Issuer effected a reverse stock split (the "Reverse Split") pursuant to which every ten Common Shares were converted and reclassified into one Common Share, subject to the receipt of cash in lieu of fractional shares. The amounts in the table reflect the aggregate shares owned after giving effect to the Reverse Split. Read SEC document
September 18, 2017 Filed Sep 19, 2017 17:20 UTC	Tremont Mortgage Trust TRMT · Entity 135000	GrantCommon Shares of Beneficial Interest	600,000	$20.00	$12,000,000.00	Disclosure SEC source: 0001104659-17-057922 · a4.xml · nonDerivative · entry 1 PORTNOY BARRY M. · CIK 0001241559 · Director · 10% owner ABP Trust · CIK 0001613450 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: Not disclosed Ownership: Indirect · BY LLC Disclosed balance after: 600,100 F1 · shares: Shares were acquired directly by Tremont Realty Advisors LLC ("TRA") in a private placement transaction at $20.00 per share. All shares reported are held directly by TRA. TRA is a direct wholly owned subsidiary of The RMR Group LLC ("RMR LLC"), which is a direct majority owned operating subsidiary of The RMR Group Inc. ("RMR INC"), of which Mr. Portnoy is a managing director and controlling shareholder through ABP Trust. Mr. Portnoy is holder of a majority of the shares of beneficial interest in, and a trustee of, ABP Trust. Mr. Portnoy is also a beneficial owner and director of TRA. ABP Trust, RMR INC, RMR LLC and Mr. Portnoy may be deemed to beneficially own the shares owned directly by TRA. Each of ABP Trust and Mr. Portnoy disclaims beneficial ownership of the shares owned by TRA except to the extent of its or his pecuniary interest therein. F1 · price: Shares were acquired directly by Tremont Realty Advisors LLC ("TRA") in a private placement transaction at $20.00 per share. All shares reported are held directly by TRA. TRA is a direct wholly owned subsidiary of The RMR Group LLC ("RMR LLC"), which is a direct majority owned operating subsidiary of The RMR Group Inc. ("RMR INC"), of which Mr. Portnoy is a managing director and controlling shareholder through ABP Trust. Mr. Portnoy is holder of a majority of the shares of beneficial interest in, and a trustee of, ABP Trust. Mr. Portnoy is also a beneficial owner and director of TRA. ABP Trust, RMR INC, RMR LLC and Mr. Portnoy may be deemed to beneficially own the shares owned directly by TRA. Each of ABP Trust and Mr. Portnoy disclaims beneficial ownership of the shares owned by TRA except to the extent of its or his pecuniary interest therein. F1 · balance_after: Shares were acquired directly by Tremont Realty Advisors LLC ("TRA") in a private placement transaction at $20.00 per share. All shares reported are held directly by TRA. TRA is a direct wholly owned subsidiary of The RMR Group LLC ("RMR LLC"), which is a direct majority owned operating subsidiary of The RMR Group Inc. ("RMR INC"), of which Mr. Portnoy is a managing director and controlling shareholder through ABP Trust. Mr. Portnoy is holder of a majority of the shares of beneficial interest in, and a trustee of, ABP Trust. Mr. Portnoy is also a beneficial owner and director of TRA. ABP Trust, RMR INC, RMR LLC and Mr. Portnoy may be deemed to beneficially own the shares owned directly by TRA. Each of ABP Trust and Mr. Portnoy disclaims beneficial ownership of the shares owned by TRA except to the extent of its or his pecuniary interest therein. F1 · ownership.direct: Shares were acquired directly by Tremont Realty Advisors LLC ("TRA") in a private placement transaction at $20.00 per share. All shares reported are held directly by TRA. TRA is a direct wholly owned subsidiary of The RMR Group LLC ("RMR LLC"), which is a direct majority owned operating subsidiary of The RMR Group Inc. ("RMR INC"), of which Mr. Portnoy is a managing director and controlling shareholder through ABP Trust. Mr. Portnoy is holder of a majority of the shares of beneficial interest in, and a trustee of, ABP Trust. Mr. Portnoy is also a beneficial owner and director of TRA. ABP Trust, RMR INC, RMR LLC and Mr. Portnoy may be deemed to beneficially own the shares owned directly by TRA. Each of ABP Trust and Mr. Portnoy disclaims beneficial ownership of the shares owned by TRA except to the extent of its or his pecuniary interest therein. F1 · ownership.nature: Shares were acquired directly by Tremont Realty Advisors LLC ("TRA") in a private placement transaction at $20.00 per share. All shares reported are held directly by TRA. TRA is a direct wholly owned subsidiary of The RMR Group LLC ("RMR LLC"), which is a direct majority owned operating subsidiary of The RMR Group Inc. ("RMR INC"), of which Mr. Portnoy is a managing director and controlling shareholder through ABP Trust. Mr. Portnoy is holder of a majority of the shares of beneficial interest in, and a trustee of, ABP Trust. Mr. Portnoy is also a beneficial owner and director of TRA. ABP Trust, RMR INC, RMR LLC and Mr. Portnoy may be deemed to beneficially own the shares owned directly by TRA. Each of ABP Trust and Mr. Portnoy disclaims beneficial ownership of the shares owned by TRA except to the extent of its or his pecuniary interest therein. Read SEC document

Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.