Seven Hills Realty Trust functions as a real estate investment trust (REIT), concentrating on both the creation and acquisition of senior mortgage loans. These loans are specifically backed by middle-market and transitional commercial properties situated across the United States. By electing REIT tax status, the company is not subject to corporate income tax on the portion of its net income distributed to its shareholders. Established in 2008, the entity was previously known as RMR Mortgage Trust and is based in Newton, Massachusetts.
Seven Hills Realty Trust Provides Business Update
Seven Hills Realty Trust closed two new first mortgage loans totaling $98.0 million, secured by multifamily and mixed-use properties, and received $68.0 million from loan repayments.
The Dallas office loan was repaid at approximately 97% of its $44.2 million balance — a $1.5 million discount well below the $6.3 million CECL reserve — cutting office exposure from 19% to approximately 13% of the portfolio.
SEVN has $121.7 million of loans in diligence expected to close in Q4 2026, and the repayments boost lending capacity by roughly $46 million for redeployment into higher-margin assets.