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Stock impact report

Seven Hills Realty Trust Closes $30.5 Million Loan to Refinance a Medical Office Property in Atlanta, Georgia

Seven Hills Realty Trust (SEVN) 
Company Research Source: Business Wire
NEWTON, Mass.--(BUSINESS WIRE)--Seven Hills Realty Trust (Nasdaq: SEVN) today announced the closing of a $30.5 million first mortgage loan to refinance Glenridge Medical Center in Atlanta, Georgia.The 95% leased property has a weighted average remaining lease term of approximately seven years and is located within Atlanta’s medical district, commonly known as “Pill Hill”. The loan has a three-year initial term with two one-year extension options, subject to the borrower satisfying certain conditions. The transaction was brought to our manager, Tremont Realty Capital, by JLL on behalf of the sponsor, EBS Properties Investments, LLC.Tom Lorenzini, President and Chief Investment Officer of SEVN, made the following statement:“This investment underscores our continued focus on originating first mortgage loans secured by high-quality real estate in established markets. Glenridge Medical Center benefits from durable healthcare demand within one of the nation’s most prominent medical corr Show less Read more
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