Mr. Portnoy
has been a Managing Trustee of Seven Hills Realty Trust (Nasdaq: SEVN) since 2007. He served as a
Managing Trustee of Tremont Mortgage Trust from 2017 until its merger into our company.
Mr. Portnoy is a Managing Director, President and Chief Executive Officer
of The RMR Group (Nasdaq: RMR)
and
is Chair of RMR’s Executive Operating Committee. He also serves on the Boards of several
companies managed by RMR or its affiliates, including: Service Properties Trust (Nasdaq: SVC), Diversified Healthcare Trust (Nasdaq: DHC), Office Properties Income Trust (Nasdaq: OPI), Industrial Logistics Properties Trust (Nasdaq: ILPT), AlerisLife Inc. (Private) and Sonesta International Hotels
Corporation (Private). Mr.
Portnoy is also a Director of Tremont Realty Capital LLC, a wholly owned SEC registered investment adviser
subsidiary of The RMR Group LLC.
Prior to
joining RMR in 2003, Mr. Portnoy held various positions in the finance industry and public sector, including
working as a banker at Donaldson, Lufkin & Jenrette and ABN AMRO, working in private equity at the
International Finance Corporation (a member of The World Bank Group) and DLJ Merchant Banking Partners, as
well as serving as Chief Executive Officer of a telecommunications company. He currently serves as Chair of
the Board of Directors of the Pioneer Institute, as a member of the executive committee of the
Board of Directors of the Greater Boston Chamber of
Commerce, as a member of the Board of Directors of the Massachusetts Opportunity Alliance, as a member of the Board of Directors of the Massachusetts High Technology Council and as the
Honorary Consul General of the Republic of Bulgaria to the Commonwealth of Massachusetts.
He is formerly a member of the Board of Trustees of Occidental College and the Board of Governors of the National
Association of Real Estate Investment Trusts (Nareit).