11/12/2026
NEWTON, Mass.--(BUSINESS WIRE)-- Seven Hills Realty Trust (Nasdaq: SEVN) today announced the closing of two floating rate first mortgage loans with aggregate commitments of approximately $74.2 million.
The new loan investments include:
- A first mortgage loan to refinance The Archive Apartments, a recently completed 166-unit Class A multifamily property located in New Haven, Connecticut. The property consists of two six-story residential buildings with approximately 6,000 square feet of ground floor retail space and is located adjacent to Yale University and Union Station. The property offers a range of amenities including coworking space, a fitness center and rooftop gathering areas. The transaction was brought to our manager, Tremont Realty Capital, by CBRE on behalf of the sponsor, Article Student Living.
- A first mortgage loan to finance the acquisition of DoubleTree Suites by Hilton, a 241-room full-service hotel located in downtown Salt Lake City, Utah. The hotel recently completed a comprehensive renovation and is well positioned to benefit from its central downtown location and diverse mix of business, convention and leisure travel demand. The transaction was introduced to Tremont Realty Capital by JLL on behalf of the sponsor, Linchris Hotel Corporation.
Tom Lorenzini, President and Chief Investment Officer of SEVN, made the following statement:
“These investments are secured by high-quality properties in markets with favorable fundamentals and long-term demand drivers. The Archive Apartments is a newly developed multifamily property adjacent to Yale University, while DoubleTree Suites is a recently renovated Hilton-branded hotel located in the heart of downtown Salt Lake City. We were attracted to both opportunities by the quality of the underlying real estate, the strength of the respective markets and the experience of the sponsorship, and we believe these loans demonstrate our continued ability to efficiently deploy capital into attractive investments while positioning SEVN for future earnings growth.”