NEWTON, Mass.--(BUSINESS WIRE)-- Seven Hills Realty Trust (Nasdaq: SEVN) today announced the closing of a $31.2 million first mortgage floating rate bridge loan for the acquisition of The Lodge, a 696-bed (258-unit) student housing property located near the 40,000 student Texas State University in San Marcos, Texas.

The loan has a three-year initial term with two one-year extension options, subject to the borrower meeting certain requirements. SEVN’s manager, Tremont Realty Capital, was introduced to the transaction by Walker & Dunlop, which advised Palladius Capital Management, the sponsor.

Tom Lorenzini, President and Chief Investment Officer of SEVN, made the following statement:

“We continue to identify and close compelling loan investment opportunities, such as this loan for the acquisition of The Lodge, a student housing community near Texas State University. With an active pipeline of quality opportunities, SEVN is committed to further expanding its presence across key asset classes and generating attractive risk adjusted returns for its shareholders.”

--

About Seven Hills Realty Trust

Seven Hills Realty Trust (Nasdaq: SEVN) is a real estate finance company focused on originating and investing in first mortgage loans secured by middle market transitional commercial real estate. SEVN is managed by Tremont Realty Capital, an affiliate of The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $37 billion in assets under management and more than 40 years of institutional experience in buying, selling, financing and operating commercial real estate. For more information about SEVN, please visit www.sevnreit.com.