Committed ownership
Penn Place is owned by REIT Management & Research LLC (RMR), which manages one of the largest portfolios of publicly owned real estate in the North America, including more than 1,350 properties, located in 45 states, Washington, DC, Puerto Rico and Ontario, Canada. RMR has nearly 600 employees in its headquarters and regional offices located throughout the country.
Advantages of RMR ownership include:
- Financially stable company with large, diversified portfolio of stable assets
- Long-term investment strategy focused on diversifying investment portfolio rather than selling properties for short-term gains.
- Focused on providing the highest quality property management services and ensuring complete tenant satisfaction
- Possesses depth of management and experience which is unequaled in the real estate industry
- Develops preventative maintenance programs and annual capital budgets to maintain the attractiveness and efficiency of properties for tenants
- Large majority of properties are owned unencumbered by mortgages, with limited debt obligations that are investment grade rated by both Moody’s and Standard & Poors