Corporate Board Profile
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| Filing Date | Source Excerpt |
|---|---|
| 2011-02-25 | ADAM D. PORTNOY, Age: 40 Mr. Adam D. Portnoy has been one of our Managing Trustees since May 2006 and our President since January 2011. ... TRUSTEE COMPENSATION FOR 2010 ... Adam D. Portnoy $0 Fees Earned or Paid in Cash, $40,550 All Other Compensation, Total $40,550. |
| 2012-02-28 | Mr. Adam D. Portnoy has been one of our Managing Trustees since 2006 and our President since 2011. ... Mr. Adam Portnoy is a Managing Trustee in Group II and, if elected at the meeting, his term will expire at our 2015 annual meeting of shareholders. ... Our Managing Trustees do not receive cash compensation for their services as Trustees. The compensation of Mr. Adam Portnoy for his services as President is described above. ... TRUSTEE COMPENSATION FOR 2011 ... Adam D. Portnoy ... $0 fees earned or paid in cash, $53,140 stock awards, total $53,140. |
| 2013-02-25 | Mr. Adam D. Portnoy has been one of our Managing Trustees since 2006 and our President since 2011. ... Mr. Adam Portnoy is a Managing Trustee in Group II ... Trustee Compensation for 2012 table shows Adam D. Portnoy total compensation of $37,480 as Trustee. Summary Compensation Table shows total compensation of $165,505 for 2012 as executive officer. |
| Filing Date | Source Excerpt |
|---|---|
| 2007-04-13 | Mr. Portnoy has been one of our managing trustees since January 11, 2007. Mr. Portnoy has been a managing trustee of HRPT since 2006. He was an Executive Vice President of HRPT from 2003 through 2006. Mr. Portnoy has been an executive officer of RMR since September 2003 and currently is the President, Chief Executive Officer and a director of RMR. Additionally, Mr. Portnoy is the minority owner of RMR and of RMR Advisors. Mr. Portnoy has been a Vice President of RMR Advisors since 2004, and has also been a Vice President of RMR Real Estate Fund, RMR Hospitality and Real Estate Fund, RMR F.I.R.E. Fund, RMR Preferred Dividend Fund and RMR Asia Pacific Real Estate Fund since 2004, 2004, 2004, 2005 and 2006, respectively. Mr. Adam Portnoy is the son of Barry Portnoy, our other managing trustee. Mr. Adam Portnoy is a Group II trustee and will serve until our 2009 annual meeting of shareholders. Trustee Compensation for 2006: Not listed, indicating no compensation for that year. |
| 2008-04-02 | Mr. Portnoy has been one of our Managing Trustees since January 11, 2007. Mr. Adam Portnoy is the President, Chief Executive Officer and a director of RMR. Trustee Compensation for 2007 shows Adam D. Portnoy received $68,610 in stock awards and $5,946 in other compensation, totaling $74,556. |
| 2009-03-30 | Mr. Portnoy has been one of our Managing Trustees since January 2007. Mr. Adam Portnoy is a Managing Trustee in Group II. Trustee Compensation for 2008 shows fees earned or paid in cash $0, stock awards $32,090, and all other compensation $3,696 totaling $35,786. |
| 2010-02-24 | Mr. Portnoy has been one of our Managing Trustees since January 2007. Mr. Adam Portnoy is a Managing Trustee in Group II and his term expires at our 2012 annual meeting of shareholders. Trustee Compensation for 2009 shows Adam D. Portnoy total compensation of $26,284. |
| 2011-02-22 | Adam D. Portnoy, Age: 40 Mr. Adam D. Portnoy has been one of our Managing Trustees since January 2007. ... Mr. Adam Portnoy is a Managing Trustee in Group II, and his term expires at our 2012 annual meeting of shareholders. ... TRUSTEE COMPENSATION FOR 2010 ... Adam D. Portnoy Fees Earned or Paid in Cash ($): 0, Stock Awards ($): 52,000, All Other Compensation ($): 540, Total ($): 52,540. |
| 2012-02-29 | Adam D. Portnoy, Age: 41 Mr. Adam D. Portnoy has been one of our Managing Trustees since 2007. ... Mr. Adam Portnoy is a Managing Trustee in Group II and, if elected at the meeting, his term will expire at our 2015 annual meeting of shareholders. ... TRUSTEE COMPENSATION FOR 2011 Adam D. Portnoy Fees Earned or Paid in Cash ($) - Stock Awards ($) - All Other Compensation ($) 48,540 Total ($) 48,540 ... Our Board concluded that Mr. Portnoy is qualified to serve as one of our Managing Trustees based upon, among other things, his extensive experience in and knowledge of the commercial real estate industry and real estate investment trusts, his leadership position with RMR, his public company director service, his demonstrated management ability, his experience in investment banking, his government organization service, his institutional knowledge earned through service on our own Board for five years and in key leadership positions with our manager for eight years and his qualifying as a Managing Trustee in accordance with the requirements of our declaration of trust and our bylaws. |
| 2013-03-01 | Mr. Adam D. Portnoy has been one of our Managing Trustees since 2007. ... Mr. Adam Portnoy is a Managing Trustee in Group II, and his term expires at our 2015 annual meeting of shareholders. ... TRUSTEE COMPENSATION FOR 2012 (2012 compensation; all share grants to Trustees vest at the time of grant) ... Adam D. Portnoy Our Managing Trustees do not receive cash compensation for their services as Trustees. ... $51,160 total compensation. |
| 2014-04-28 | Adam D. Portnoy Managing Trustee since 2007 Class/Term: Group II with a term expiring at the 2015 Annual Meeting of Shareholders Age: 43 Other Public Company Boards: Senior Housing Properties Trust (since 2007); Government Properties Income Trust (since 2009); RMR Real Estate Income Fund (and its predecessor funds) (since 2009); Select Income REIT (since 2011); CommonWealth REIT (2006-2014) Mr. Portnoy has been an executive officer of RMR since 2003 and currently is the President, Chief Executive Officer and a Director of RMR. Additionally, Mr. Portnoy is an owner of RMR and of RMR Advisors. Mr. Portnoy has been President and Director of RMR Advisors since 2007 and was a Vice President prior to that time since 2003. Mr. Portnoy has been President of CommonWealth REIT since 2011 and was an Executive Vice President of CommonWealth REIT from 2003 through 2006. He was President of Government Properties Income Trust from 2009 until 2011. He has also been President of the RMR Funds since 2007. Prior to becoming President in 2007, Mr. Portnoy served as Vice President of the RMR Funds beginning in 2004. Prior to 2004, Mr. Portnoy held various positions in the finance industry and public sector, including working as an investment banker at Donaldson, Lufkin & Jenrette, working in private equity at the International Finance Corporation (a member of The World Bank Group) and DLJ Merchant Banking Partners, and serving as Chief Executive Officer of a telecommunications company. 2013 Annual Compensation: $61,380 (Managing Trustees do not receive cash compensation for their services as Trustees but do receive Common Share grants). |
| 2015-03-31 | Adam D. Portnoy Managing Trustee since 2007 Class/Term: Group II with a term expiring at the 2015 Annual Meeting of Shareholders. If elected at the meeting, his term will expire at the 2016 Annual Meeting of Shareholders. Age: 44 Other Public Company Boards: Senior Housing Properties Trust (since 2007); Government Properties Income Trust (since 2009); RMR Real Estate Income Fund (and its predecessor funds) (since 2009); Select Income REIT (since 2011); Equity Commonwealth (formerly CommonWealth REIT) (2006-2014) Mr. Portnoy has been an executive officer of RMR since 2003 and currently is the President, Chief Executive Officer and a Director of RMR. Additionally, Mr. Portnoy is an owner of RMR and of RMR Advisors, Inc. ("RMR Advisors"), an SEC registered investment adviser. Mr. Portnoy has been President and Director of RMR Advisors since 2007 and was a Vice President prior to that time since 2003. Mr. Portnoy was President of Equity Commonwealth ("EQC") from 2011 to 2014 and was an Executive Vice President of EQC from 2003 through 2006. He was President of Government Properties Income Trust from 2009 until 2011. He was also President of RMR Real Estate Income Fund (and its predecessor funds) from 2007 until 2015 and was President of RMR Funds Series Trust from 2007 until its dissolution in 2009 (RMR Real Estate Income Fund, its predecessor funds and RMR Funds Series Trust are collectively referred to herein as the "RMR Funds"). Prior to becoming President in 2007, Mr. Portnoy served as Vice President of the RMR Funds beginning in 2004. Prior to joining RMR in 2003, Mr. Portnoy held various positions in the finance industry and public sector, including working as an investment banker at Donaldson, Lufkin & Jenrette, working in private equity at the International Finance Corporation (a member of The World Bank Group) and DLJ Merchant Banking Partners, and serving as Chief Executive Officer of a telecommunications company. Mr. Portnoy is also currently a member of the Board of Trustees of Occidental College and serves as the Honorary Consul General of the Republic of Bulgaria to Massachusetts. Mr. Adam Portnoy is the son of Mr. Barry Portnoy, the Company's other Managing Trustee, and the brother-in-law of Mr. Ethan Bornstein, the Company's Senior Vice President. Specific Qualifications, Attributes, Skills and Experience: extensive experience in and knowledge of the commercial real estate industry and REITs; leadership position with RMR; public company director service; demonstrated management ability; experience in investment banking and private equity; government organization service; institutional knowledge earned through prior service on the Board and in key leadership positions with the Company's manager; and qualifying as a Managing Trustee in accordance with the requirements of the Company's Bylaws. Trustee Compensation: Managing Trustees do not receive cash compensation for their services as Trustees but do receive Common Share grants. The number of Common Shares granted to each Managing Trustee is the same as the number granted to each Independent Trustee. The following table details the total compensation of the Company's Trustees for the year ended December 31, 2014. Adam D. Portnoy Fees Earned or Paid in Cash: — Stock Awards: $73,200 All Other Compensation: — Total: $73,200. |
| 2016-02-25 | Mr. Portnoy has been one of RMR Inc.'s Managing Directors and its President and Chief Executive Officer since shortly after its formation in 2015. Mr. Portnoy is President and CEO of RMR LLC and was a director of RMR LLC from 2006 until June 5, 2015 when RMR LLC became a majority owned subsidiary of RMR Inc. and RMR Inc. became RMR LLC's managing member. Mr. Portnoy has been a director and the president of RMR Advisors LLC since 2007 and chief executive officer of RMR Advisors LLC since 2015. Mr. Portnoy is an owner, trustee and officer of ABP Trust (formerly known as Reit Management & Research Trust), the controlling shareholder of RMR Inc. Mr. Portnoy has been an owner and director of Sonesta International Hotels Corporation since 2012. Mr. Portnoy served as president of RMR Real Estate Income Fund, including its predecessor funds, from 2007 to 2015 and as managing trustee of Select Income REIT since 2011. Mr. Portnoy was a managing trustee of Equity Commonwealth from 2006 until 2014 and served as its president from 2011 to 2014. Prior to joining RMR LLC in 2003, Mr. Portnoy held various positions in the finance industry and public sector, including working as an investment banker at Donaldson, Lufkin & Jenrette and ABN AMRO as well as working in private equity at DLJ Merchant Banking Partners and at the International Finance Corporation (a member of The World Bank Group). In addition, Mr. Portnoy previously founded and served as CEO of a privately financed Internet telecommunication company. Mr. Portnoy is also currently a member of the Board of Trustees of Occidental College and serves as the Honorary Consul General of the Republic of Bulgaria in Massachusetts. 2015 Annual Compensation: Managing Trustees do not receive cash compensation for their services as Trustees but do receive Common Share grants. The number of Common Shares granted to each Managing Trustee is the same as the number granted to each Independent Trustee. The following table details the total compensation of the Company's Trustees for the year ended December 31, 2015. Adam D. Portnoy total compensation: $76,475. |
| 2017-04-24 | Adam D. Portnoy Managing Trustee since 2007 Class/Term: Class III with a term expiring at the 2019 Annual Meeting of Shareholders Age: 46 Other Public Company Boards: Government Properties Income Trust (since 2009); Senior Housing Properties Trust (since 2007); RMR Real Estate Income Fund, including its predecessor funds (since 2009); Select Income REIT (since 2011); The RMR Group Inc. (since 2015) 2016 Annual Trustee Compensation Adam D. Portnoy Fees Earned or Paid in Cash: $0 Stock Awards: $63,750 Total: $63,750 |
| 2018-04-24 | Adam D. Portnoy Managing Trustee since 2007 Class III with a term expiring at the 2019 annual meeting of shareholders Age: 47 Other Public Company Boards: Senior Housing Properties Trust (since 2007); Government Properties Income Trust (since 2009); RMR Real Estate Income Fund, including its predecessor funds (since 2009); Select Income REIT (since 2011); The RMR Group Inc. (since 2015); Industrial Logistics Properties Trust (since 2017); Tremont Mortgage Trust (since 2017); TravelCenters of America LLC (since 2018); Five Star Senior Living Inc. (since 2018) Mr. Portnoy has been a managing director of The RMR Group Inc. ("RMR Inc.") and its president and chief executive officer since shortly after its formation in 2015. |
| 2019-04-15 | Mr. Portnoy has been president and chief executive officer of The RMR Group Inc. ("RMR Inc.") since shortly after its formation in 2015. Mr. Portnoy has been president and chief executive officer of RMR LLC since 2005 and was a director of RMR LLC from 2006 until June 5, 2015 when RMR LLC became a majority owned subsidiary of RMR Inc. and RMR Inc. became RMR LLC's managing member. Mr. Portnoy has been a director of RMR Advisors LLC since 2007 and served as its president from 2007 to September 2017 and its chief executive officer from 2015 to September 2017. Mr. Portnoy has been a director of Tremont Realty Advisors LLC since March 2016, and served as its president and chief executive officer from March 2016 through December 2017. Mr. Portnoy is an owner, the sole trustee and an officer of ABP Trust. Mr. Portnoy is the majority owner and has been a director of Sonesta International Hotels Corporation since 2012. Mr. Portnoy served as president and chief executive officer of RMR Real Estate Income Fund from 2007 to 2015 and as president of Office Properties Income Trust from 2009 to 2011. Mr. Portnoy was a managing trustee of Select Income REIT from 2011 until it merged with a wholly owned subsidiary of Office Properties Income Trust in December 2018. Mr. Portnoy was a managing trustee of Equity Commonwealth from 2006 until 2014 and served as its president from 2011 to 2014. Prior to joining RMR LLC in 2003, Mr. Portnoy held various positions in the finance industry and public sector, including working as an investment banker at Donaldson, Lufkin & Jenrette and working in private equity at DLJ Merchant Banking Partners and at the International Finance Corporation (a member of The World Bank Group). In addition, Mr. Portnoy previously founded and served as chief executive officer of a privately financed telecommunications company. Mr. Portnoy currently serves as the Honorary Consul General of the Republic of Bulgaria to Massachusetts and on the Board of Directors of Pioneer Institute, and previously served on the board of governors for the National Association of Real Estate Investment Trusts and the board of trustees of Occidental College. Specific Qualifications, Attributes, Skills and Experience: extensive experience in, and knowledge of, the CRE and hospitality and travel industries and REITs; leadership position with RMR LLC and demonstrated management ability; public company trustee and director service; experience in investment banking and private equity; experience in starting a telecommunications company and serving as its senior executive; institutional knowledge earned through prior service on the Board and in leadership positions with RMR LLC; and qualifying as a Managing Trustee in accordance with the requirements of our governing documents. |
| 2020-04-20 | Adam D. Portnoy Age: 49 Managing Trustee since 2007 Chair of our Board since 2019 Class/Term: Class III with a term expiring at the 2022 annual meeting of shareholders Board Committees: None 2019 Annual Trustee Compensation: $74,010 |
| 2021-04-12 | Adam D. Portnoy Age: 50 Managing Trustee since 2007 Chair of our Board since 2019 Term: Term expiring at the 2022 annual meeting of shareholders Board Committees: None |
| 2022-04-11 | Adam D. Portnoy Age: 51 Managing Trustee since 2007 Chair of our Board since 2019 Term: Term expiring at our 2022 Annual Meeting Board Committees: None ... The following table details the total compensation of the Trustees for the fiscal year ended December 31, 2021 for services as a Trustee. Adam D. Portnoy Fees Earned or Paid in Cash ($): — Stock Awards ($): 97,580 Total ($): 97,580 |
| 2023-03-21 | Adam D. Portnoy, 52, Managing Trustee CHAIR OF OUR BOARD SINCE 2019 BOARD COMMITTEES None ... Mr. Portnoy identifies as Caucasian and as male. Mr. Portnoy qualifies as a Managing Trustee in accordance with the requirements of our governing documents. ... The following table details the total compensation of the Trustees for the fiscal year ended December 31, 2022 for services as a Trustee. Adam D. Portnoy Fees Earned or Paid in Cash ($) — Stock Awards ($) 39,900 Total ($) 39,900 |
| 2024-04-03 | Adam D. Portnoy, 53, Managing Trustee CHAIR OF OUR BOARD SINCE 2019 BOARD COMMITTEES None PROFESSIONAL EXPERIENCE: President and Chief Executive Officer of RMR Inc., since shortly after its formation in 2015. President and Chief Executive Officer of RMR since 2005, and Director from 2006 to June 5, 2015 when RMR became a majority owned subsidiary of RMR Inc. and RMR Inc. became RMR’s managing member. Director of Tremont Realty Capital LLC since March 2016. Sole trustee, controlling shareholder and an officer of ABP Trust. Director and controlling shareholder of Sonesta International Hotels Corporation and its parent. Sole director of AlerisLife Inc. since its acquisition by ABP Trust in March 2023. Director of RMR Advisors LLC from 2007 to 2021 when it merged with Tremont Realty Capital LLC. Served in various positions in the finance industry and public sector, including working as an investment banker at Donaldson, Lufkin & Jenrette and working in private equity at DLJ Merchant Banking Partners and at the International Finance Corporation (a member of The World Bank Group). Founded and served as chief executive officer of a privately financed telecommunications company. Honorary Consul General of the Republic of Bulgaria to Massachusetts. Member of Massachusetts Opportunity Alliance, Inc. Board. Member of Massachusetts High Technology Council, Inc. Board. Chair of the board of directors of the Pioneer Institute. Executive committee member of the board of directors of the Greater Boston Chamber of Commerce. Member of AJC New England’s Leadership Board. Previously served on the board of governors for the National Association of Real Estate Investment Trusts and the board of trustees of Occidental College. OTHER RMR PUBLIC CLIENT BOARDS (1): Diversified Healthcare Trust (since 2007) Office Properties Income Trust (since 2009) Seven Hills Realty Trust, including its predecessor companies (since 2009) The RMR Group Inc. (since 2015) Industrial Logistics Properties Trust (since 2017) TravelCenters of America Inc. (from 2018 until it was acquired by BP Products North America Inc. in May 2023) AlerisLife Inc. (from 2018 until it was acquired by ABP Trust in March 2023) Tremont Mortgage Trust (from 2017 until it merged with Seven Hills Realty Trust in September 2021) QUALIFICATIONS Mr. Portnoy brings to our Board extensive experience in, and knowledge of, the asset management and CRE industries and REITs, gained in part through his key leadership position with RMR and its subsidiaries, his public company director service, and his demonstrated management ability. Mr. Portnoy also possesses experience in investment banking and private equity, as well as institutional knowledge earned through prior service on our Board and deep knowledge of our business. Mr. Portnoy identifies as Caucasian and as male. Mr. Portnoy qualifies as a Managing Trustee in accordance with the requirements of our governing documents. |
Data sourced from SEC filings. Last updated: 2026-02-03