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05.05.25 - 22:18
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Diversified Healthcare Trust Announces First Quarter 2025 Results (Business Wire)
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NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended March 31, 2025, which can be found at the Quarterly Reports section of DHC's website at https://www.dhcreit.com/investors/financial-information/quarterly/default.aspx.
A conference call to discuss DHC's first quarter 2025 financial results will be held on Tuesday, May 6, 2025 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 329-4297 or (412) 317-5435 (if calling from outside the United States and Canada); a pass code is not required. A replay will be available for one week by dialing (877) 344-7529; the replay pass code is 5678342. A live audio webcast of the conference call will also be available in a listen-only mode on DHC's website, at www.dhcreit.com. The archived webcast will be available for replay on DHC's website after the call. The transcription, recording and retransmission in any way of DHC's first quarter conference call ar...
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28.04.25 - 14:06
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Diversified Healthcare Trust Closes $109 Million 10-Year Fixed-Rate Mortgage Financing Secured by Seven SHOP Communities (Business Wire)
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Expects to Close $94 Million of Additional Secured Financings by the End of May 2025
NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that it closed a $109 million 10-year fixed rate mortgage financing through Freddie Mac. The loan is secured by seven senior living communities consisting of 1,184 units located in five states that are managed by Five Star Senior Living, the operating division of AlerisLife Inc. The loan has a 6.22% fixed interest rate, with interest only payable during the first 5 years and matures on May 1, 2035. DHC intends to use the loan proceeds to redeem a portion of its outstanding 9.750% senior notes due 2025.
Based on the 2024 NOI for the seven collateral communities, the appraised value of $236 million reflects an implied cap rate of 7.3%, or approximately $199,000 per unit. The loan-to-value ratio on the financing is approximately 47%.
As previously disclosed, DHC has two additional executed term sheets with different lenders for total l...
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10.04.25 - 22:33
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Diversified Healthcare Trust Announces Quarterly Dividend on Common Shares (Business Wire)
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NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced a regular quarterly cash distribution on its common shares of $0.01 per share ($0.04 per share per year). This distribution will be paid to DHC's common shareholders of record as of the close of business on April 22, 2025 and distributed on or about May 15, 2025.
About Diversified Healthcare Trust:
DHC is a real estate investment trust focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum by care delivery and practice type, by scientific research disciplines and by property type and location. As of December 31, 2024, DHC's approximately $7.2 billion portfolio included 367 properties in 36 states and Washington, D.C., occupied by approximately 450 tenants, and totaling approximately 8.0 million square feet of medical office and life science properties and more than 27,000 senior living units. DHC is managed by The RMR...
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07.04.25 - 22:21
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Diversified Healthcare Trust First Quarter 2025 Conference Call Scheduled for Tuesday, May 6th (Business Wire)
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NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that it will issue a press release containing its first quarter 2025 financial results after the Nasdaq closes on Monday, May 5, 2025. On Tuesday, May 6, 2025 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Christopher Bilotto, Chief Financial Officer and Treasurer Matthew Brown and Vice President Anthony Paula will host a conference call to discuss these results.
The conference call telephone number is (877) 329-4297. Participants calling from outside the United States and Canada should dial (412) 317-5435. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled start of the call. A replay of the conference call will be available through 11:59 p.m. Eastern Time on Tuesday, May 13, 2025. To hear the replay, dial (877) 344-7529. The replay pass code is 5678342.
A live audio webcast of the conference call will also be availa...
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01.04.25 - 00:24
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Diversified Healthcare Trust Closes $140 Million Mortgage Financing Secured by 14 SHOP Properties (Business Wire)
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Expects to Close $200 Million of Additional Secured Financings in the Next 45 Days
NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that it closed a $140 million mortgage financing secured by 14 senior living communities located in nine states and consisting of 1,375 units that are managed by Five Star Senior Living, an operating division of AlerisLife Inc. This non-recourse, three-year loan has an initial maturity date of March 31, 2028, and two one-year extension options, subject to certain conditions. DHC intends to use the loan proceeds to redeem a portion of its outstanding 9.750% senior notes due 2025.
The loan has a variable interest rate based on Secured Overnight Financing Rate, or SOFR, plus a margin of 2.50% per annum with 24 months of interest-only payments and two six-month extension options of the interest only period, subject to certain conditions. In connection with this financing, DHC purchased a one-year interest rate cap with a SOFR strike rate ...
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20.03.25 - 21:21
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Diversified Healthcare Trust Elects Alan Felder to Board of Trustees (Business Wire)
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NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that it has elected Alan Felder to its Board of Trustees as an Independent Trustee, effective immediately.
Alan Felder previously worked at UBS Investment Bank for over 20 years, where he most recently served as the Head of Real Estate, Lodging and Leisure, Americas. Mr. Felder previously held other roles at UBS, including Head of Private Financing Markets, Americas and a Managing Director in the Mergers and Acquisitions Group. Prior to joining UBS Investment Bank, Mr. Felder worked in investment banking at Donaldson Lufkin & Jenrette, focusing on capital markets and M&A transactions. He graduated from the Wharton School of the University of Pennsylvania. Mr. Felder will serve on DHC's Audit Committee.
Korn Ferry assisted DHC's Nominating and Governance Committee in placing Alan Felder on DHC's Board of Trustees.
About Diversified Healthcare Trust
DHC is a real estate investment trust focused on owning high-quali...
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10.03.25 - 13:03
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Seven Hills Realty Trust Appoints Matthew Brown as Chief Financial Officer and Treasurer (Business Wire)
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NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq: SEVN) today announced that Matthew Brown has been appointed as Chief Financial Officer and Treasurer, effective March 10, 2025.
Mr. Brown is a Senior Vice President of The RMR Group (Nasdaq: RMR) where he oversees the accounting and finance functions and the tax department. Mr. Brown has served in various accounting and finance leadership roles since joining RMR in 2007 and has extensive experience in reporting and compliance, mergers and acquisitions, capital market transactions and technical accounting matters. Mr. Brown is a certified public accountant and also serves as Chief Financial Officer of Diversified Healthcare Trust (Nasdaq: DHC).
Mr. Brown succeeds Fernando Diaz, who resigned from his position with SEVN, effective March 9, 2025. Mr. Diaz's resignation was not the result of any dispute with SEVN, Tremont Realty Capital or RMR.
About Seven Hills Realty Trust
Seven Hills Realty Trust (Nasdaq: SEVN) is a real estate investment tr...
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10.03.25 - 13:03
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Service Properties Trust Appoints Chris Bilotto as a Managing Trustee, President and Chief Executive Officer (Business Wire)
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NEWTON, Mass.--(BUSINESS WIRE)--Service Properties Trust (Nasdaq: SVC) today announced that Chris Bilotto has been appointed as a Managing Trustee, President and Chief Executive Officer of SVC, effective March 10, 2025.
Mr. Bilotto is an Executive Vice President of The RMR Group (Nasdaq: RMR), overseeing its acquisition platform, asset management for all hotel and senior living properties, as well as property development and redevelopment throughout the United States. Prior to joining RMR in 2011, Mr. Bilotto worked at General Growth Properties in various management roles. Mr. Bilotto also serves as a Managing Trustee, President and Chief Executive Officer of Diversified Healthcare Trust (Nasdaq: DHC).
Mr. Bilotto succeeds John Murray as Managing Trustee, and Todd Hargreaves as President and Chief Investment Officer, both of whom resigned from their positions with SVC, effective March 9, 2025. Neither Mr. Murray's nor Mr. Hargreaves's resignations were the result of any dispute with SVC or RMR.
About Se...
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25.02.25 - 22:21
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Diversified Healthcare Trust Announces Fourth Quarter 2024 Results (Business Wire)
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NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced its financial results for the quarter ended December 31, 2024, which can be found at the Quarterly Reports section of DHC's website at https://www.dhcreit.com/investors/financial-information/quarterly/default.aspx.
A conference call to discuss DHC's fourth quarter 2024 financial results will be held on Wednesday, February 26, 2025 at 10:00 a.m. Eastern Time. The conference call may be accessed by dialing (877) 329-4297 or (412) 317-5435 (if calling from outside the United States and Canada); a pass code is not required. A replay will be available for one week by dialing (877) 344-7529; the replay pass code is 8448634. A live audio webcast of the conference call will also be available in a listen-only mode on DHC's website, at www.dhcreit.com. The archived webcast will be available for replay on DHC's website after the call. The transcription, recording and retransmission in any way of DHC's fourth quarter confe...
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28.01.25 - 14:03
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Diversified Healthcare Trust Fourth Quarter 2024 Conference Call Scheduled for Wednesday, February 26th (Business Wire)
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NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that it will issue a press release containing its fourth quarter 2024 financial results after the Nasdaq closes on Tuesday, February 25, 2025. On Wednesday, February 26, 2025 at 10:00 a.m. Eastern Time, President and Chief Executive Officer Christopher Bilotto and Chief Financial Officer and Treasurer Matt Brown will host a conference call to discuss these results.
The conference call telephone number is (877) 329-4297. Participants calling from outside the United States and Canada should dial (412) 317-5435. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled start of the call. A replay of the conference call will be available through 11:59 p.m. Eastern Time on Wednesday, March 05, 2025. To hear the replay, dial (877) 344-7529. The replay pass code is 8448634.
A live audio webcast of the conference call will also be available in a list...
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27.01.25 - 23:21
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Bryan Maher Joins The RMR Group to Head Investor Relations (Business Wire)
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NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced that Bryan Maher joined the company to lead Investor Relations for RMR and its publicly traded client companies: Service Properties Trust (Nasdaq: SVC), Diversified Healthcare Trust (Nasdaq: DHC), Office Properties Income Trust (Nasdaq: OPI), Industrial Logistics Properties Trust (Nasdaq: ILPT), and Seven Hills Realty Trust (Nasdaq: SEVN). Mr. Maher will serve as a Senior Vice President of RMR.
Mr. Maher joins RMR with more than 25 years of experience in equity research and investment banking in the commercial real estate industry. Most recently, Mr. Maher was a senior analyst and managing director at B. Riley Securities covering real estate investment trusts (REITs), the lodging industry and alternative asset managers. Previously, he held positions in finance at Craig-Hallum Capital, Citadel Securities and RBC Capital Markets.
Mr. Maher succeeds Timothy Bonang, who is retiring from RMR on May 1, 2025 and resigning from his RMR of...
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21.01.25 - 22:21
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Diversified Healthcare Trust Announces 2024 Dividend Allocation (Business Wire)
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NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that the characterization of dividends for 2024 income tax reporting purposes is as follows:
Common Shares
Dividend Allocation Per Share
Section
Total
Unrecaptured
Declaration
Record
Paid/Payable
Dividends
Ordinary
199A
Qualified
Capital
Section 1250
Return of
Dates
Dates
Dates
Per Share
Income
Dividend(1)
Dividend(2)
Gain
Gain(3)
Capital
01/11/24
01/22/24
02/15/24
$0.0100
$ 0.0000
$ 0.0000
$ 0.0000
$ 0.0000
$ 0.0000
$0.0100
04/11/24
04/22/24
05/16/24
$0.0100
$ 0.0000
$ 0.0000
$ 0.0000
$ 0.0000
$ 0.0000
$0.0100
07/11/24
07/22/24
08/15/24
$0.0100
$ 0.0000
$ 0.0000
$ 0.0000
$ 0.0000
$ 0.0000
$0.0100
10/16/24
10/28/24
11/14/24
$0.0100
$ 0.0000
$ 0.0000
$ 0.0000
$ 0.0000
$ 0.0000
$0.0100
TOTALS:
$0.0400
$0.0000
$0.0000
$0.0000
$0.0000
$0.0000
$0.0400
(1)
Section 199A Dividends are a subset of, and included in, the Ordinary Income amount.
(2)
Qualified Dividends are a subset of, and included in, the Ordinary Income...
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