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Synopsis
RMR Mortgage Trust, a real estate finance company, completed the acquisition of Tremont Mortgage Trust, a real estate finance company, in a $180m deal. “We are excited to have completed this merger resulting in SEVN becoming a larger, more diversified mortgage REIT with an expanded capital base, increased operating efficiency and improved access to capital markets. We look forward to expanding SEVN’s investment portfolio to nearly $1bn when fully invested and generating attractive, risk adjusted returns for our shareholders as we continue our focus on middle market commercial mortgage lending," Tom Lorenzini, RMR Mortgage President.
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