The Oil & Gas Journal, first published in 1902, is the world's most widely read petroleum industry publication. OGJ delivers international oil and gas industry news; analysis of issues and events; practical technology for design, operation, and maintenance of oil and gas operations; and important statistics on energy markets and industry activity.

OGJ is edited to meet the needs of engineers, geoscientists, managers, and executives throughout the oil and gas industry. It is part of Endeavor Business Media, Nashville, Tenn., which also publishes Offshore Magazine.

Endeavor Business Media’s Petroleum Group also produces targeted e-Newsletters; hosts global conferences and exhibitions, seminars, and forums; and publishes directories, technical books, print and electronic databases, surveys, and maps.

Additional Information

Website & Technical Help

For help with subscription purchases or refunds, or trouble logging into the paid subscription content on www.ogj.com, please contact Customer Service at [email protected] or call 1-847-559-7598.

For more customer service information, please click here.

The RMR Group Reports Approximately 5.0 Million Square Feet of Leasing Activity for the Three Months Ended June 30, 2022

90 Leases Executed for a Weighted Average Lease Term of Approximately 19.4 Years

The RMR Group (Nasdaq: RMR) announced the execution of 90 leases for approximately 5.0 million square feet on behalf of its clients during the three months ended June 30, 2022, including 40 leases with new tenants for approximately 2.9 million square feet.

Adam Portnoy, President & Chief Executive Officer, made the following statement:

“During the third fiscal quarter, we executed approximately 5.0 million square feet of leases across our platform on behalf of our clients, more than double the previous quarter, with a weighted average lease term of approximately 19.4 years and a weighted average roll up in rent of nearly 26 percent. While there was momentum across all sectors, we saw particular strength in industrial, highlighting the continued robust demand for e-commerce and logistics properties.”

The RMR Group provides asset and property management services nationwide for nearly 1,400 properties with approximately 115 million square feet of office, industrial, medical office, life science and retail space. RMR exclusively provides property management services to its clients and does not offer standalone property management services to third-parties.

About The RMR Group

The RMR Group (Nasdaq: RMR) is a leading U.S. alternative asset management company, unique for its focus on commercial real estate (CRE) and related businesses. RMR’s vertical integration is supported by approximately 600 real estate professionals in over 30 offices nationwide who manage over $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 direct real estate strategies across its clients. RMR is headquartered in Newton, MA and was founded in 1986. For more information, please visit www.rmrgroup.com.

Contacts

Christopher Ranjitkar

Senior Director, Marketing & Corporate Communications

(617) 219-1473

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.