Tremont Realty Capital: Transformational Leadership for CRE Debt and Equity Capital

Photo: Tom Lorenzini

Tremont Realty Capital Wins the 2023 Real Estate Finance Company of the Year Award

BOSTON- Founded in 2000, Tremont Realty Capital (Tremont) employs a personal, hands-on approach with each transaction, empowered by the resources of a major real estate organization, to raise debt and equity capital for owners of commercial real estate. Senior professionals at Tremont have strong relationships in the real estate industry, many that span several decades. The company is lead by commercial real estate debt finance expert, Thomas Lorenzini, who has been central to Tremont’s evolution and growth over the last two decades. Tremont Realty Capital is the real estate finance division of The RMR Group (Nasdaq: RMR).

Lorenzini, who also serves as President and Chief Investment Officer of Seven Hills Realty Trust (Nasdaq: SEVN), has distinguished himself as a transformational leader. In 2000, following roles at Finova Realty Capital and Belgravia Realty Capital, he became a founding partner of Tremont Realty Capital, a firm known principally for raising debt and equity capital for owners of CRE and managing funds invested in CRE loans.

Based in Chicago, Lorenzini oversaw Tremont’s Midwest operations and over the next decade and a half, developed a reputation as an expert on debt financing. After The RMR Group acquired Tremont in 2016, he became crucial to the origination of loans for Tremont Mortgage Trust (TRMT) and RMR Mortgage Trust (RMRM), two mortgage REITs managed by Tremont Realty Capital.

In 2020, Lorenzini assumed leadership of Tremont Realty Capital, eventually overseeing the expansion of loan portfolios for both TRMT and RMRM and the subsequent 2021 merger of both REITs into Seven Hills Realty Trust (Nasdaq: SEVN), which focuses on providing financing to owners of middle market commercial real estate.

With Lorenzini at the helm, Tremont Realty Capital and SEVN have both experienced significant growth. The Tremont team originated more than $685 million of CRE loans in 2021 and 2022 for assets across the U.S. in virtually all major property sectors. SEVN’s portfolio has grown to more than $674 million as of March 31, 2023. Under Mr. Lorenzini, both Underwriting and Asset Management teams have expanded, providing further capacity to support lending. Additionally, SEVN has continued to raised its dividend from $0.15 per quarter per share premerger to $0.35 per share in the most recent quarter. Importantly, despite choppy market conditions, Tremont is still actively lending.

The Union at Auburn

In May 2023, SEVN announced the execution of a $37.5 million loan to refinance a student housing property near Auburn University in Alabama; beyond this, the company is still actively lending in this disjointed market.

With more than 25 years of experience in the commercial real estate finance industry, and as a founding member of Tremont business, Lorenzini has created an active and collaborative work environment for his team and under his leadership, Tremont has been named a Lender Influencer by GlobeSt. and recognized as a Top Lender by Connect CRE.

Tremont became part of The RMR Group Inc. (Nasdaq: RMR) in 2016 and operates the real estate finance division of one of the largest real estate companies in the U.S., drawing upon RMR’s national footprint.  RMR is a leading U.S. alternative asset management company, unique for its focus on CRE and related businesses. RMR’s vertical integration is strengthened by nearly 600 real estate professionals in over 30 offices nationwide who manage more than $37 billion in assets under management and leverage more than 35 years of institutional experience in buying, selling, financing and operating CRE.

RMR benefits from a scalable platform, a deep and experienced management team and a diversity of real estate strategies across its clients. RMR has been recognized by The Boston Globe as a “Top Place to Work”, by the Environmental Protection Agency (EPA) as an “ENERGY STAR Partner of the Year” and ranked by the Building Owners and Managers Association (BOMA) as having one of the highest number of BOMA 360 designated properties in its portfolio. RMR is headquartered in Newton, MA and was founded in 1986.