NEWTON, Mass.--(BUSINESS WIRE)-- Seven Hills Realty Trust (Nasdaq: SEVN) today announced the closing of a $42.0 million first mortgage floating rate bridge loan to refinance The Domain at Oxford, a 642-bed (216-unit) student housing property located near the University of Mississippi (“Ole Miss”) in Oxford, Mississippi.

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 Newmark, which advised Shore to Shore Properties, Inc., the Sausalito, California-based sponsor.

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

“The Domain at Oxford is expected to benefit from growing demand for high quality student housing as a result of rising enrollment at the University of Mississippi. This loan further underscores our ability to identify and close compelling loan investment opportunities while generating attractive risk adjusted returns for our shareholders.”

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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 more than $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.