Seven Hills Realty Trust
Seven Hills Realty Trust is a publicly traded mortgage REIT (Nasdaq: SEVN) that originates floating-rate first mortgage loans secured by middle market transitional commercial real estate in major U.S. markets, managed by Tremont Realty Capital, a subsidiary of The RMR Group.
- Company typePublic
- Founded2021
- HeadquartersNewton, United States
- Headcount501–1,000
- GTM typeB2B
- OfferingServices
What Seven Hills Realty Trust does
Seven Hills Realty Trust (Nasdaq: SEVN) is a Maryland-domiciled, publicly traded mortgage REIT founded in 2021 that originates and invests in first mortgage loans secured by middle market and transitional commercial real estate in major U.S. markets. The company's core product is a portfolio of floating-rate senior mortgage loans with principal balances typically ranging from $20 million to $75 million, stabilized loan-to-value ratios of 75% or less (averaging 66% as of Q1 2026), terms of five years or less, and SOFR-based pricing plus a competitive market spread. As of Q1 2026, the portfolio comprised 26 first mortgage loans with record total commitments of approximately $776 million, diversified across property types including multifamily, student housing, hospitality, industrial, retail, medical office, and self-storage, with office exposure deliberately reduced to roughly 20% of total assets.
The company is externally managed by Tremont Realty Capital, a wholly-owned subsidiary of The RMR Group (Nasdaq: RMR), a publicly traded U.S. alternative asset manager with over $37 billion in AUM and 40 years of institutional CRE experience and a network of 30+ offices and nearly 900 real estate professionals. Tremont sources deals directly and through commercial real estate intermediaries including JLL and Colliers. Revenue is generated almost entirely through net interest income on the floating-rate loan portfolio, with Q1 2026 net interest margins of 195 basis points representing a four-year high, and distributable earnings of $5.3 million ($0.24 per share) at the high end of guidance. The RMR Group increased its equity interest to 20.3% via a $65.2 million fully backstopped rights offering completed in December 2025, and the company is governed by a seven-member board with 71% independent trustees.
Seven Hills Realty Trust firmographics
Firmographics- Name
- Seven Hills Realty Trust
- Legal name
- Seven Hills Realty Trust
- Website
- https://sevnreit.com
- Company type
- Public
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Seven Hills Realty Trust is a publicly traded mortgage REIT (Nasdaq: SEVN) that originates floating-rate first mortgage loans secured by middle market transitional commercial real estate in major U.S. markets, managed by Tremont Realty Capital, a subsidiary of The RMR Group.
- Ownership category
- akta.pro rank
Seven Hills Realty Trust industry classification
Industry- Product category
- Commercial Mortgage Lending
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Real Estate Investment Trusts (6798)
- akta.pro primary industry
- Direct Lending — Senior Secured (First Lien) (FSAHAJAA)
- akta.pro secondary industry
- Real Estate Private Credit (CRE Debt) (FSANADAG)
Keywords
Where Seven Hills Realty Trust is headquartered
LocationHeadquarters
- HQ city
- Newton
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Seven Hills Realty Trust business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Infrastructure, Others
Revenue model
- Interest Income from First Mortgage Loans: The company generates revenue primarily through interest income on its portfolio of first mortgage floating rate loans. Loans are structured with SOFR-based floating rates plus competitive market spreads, generating net interest margins of approximately 195 basis points.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Seven Hills Realty Trust product offering
Product offeringCore offering
Seven Hills Realty Trust is a mortgage REIT that originates and invests in first mortgage whole loans secured by middle market and transitional commercial real estate properties. Loans typically range from $20 million to $75 million in principal balance with floating interest rates tied to SOFR plus a market spread, terms of five years or less, and conservative loan-to-value ratios generally 75% or less. The company is managed by Tremont Realty Capital, a subsidiary of The RMR Group.
Product overview
Seven Hills Realty Trust operates as a single unified REIT offering, primarily focused on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate. The company's core product is its first mortgage loan portfolio, which includes floating-rate bridge loans with principal balances typically ranging from $20 million to $75 million, structured with terms of five years or less and LTV ratios generally at 75% or less. The investment platform leverages the resources and expertise of its manager, Tremont Realty Capital, and its parent company, The RMR Group, to source and underwrite loan opportunities across various commercial real estate sectors including multifamily, hospitality, industrial, retail, medical office, and self-storage.
Differentiator
Problem solved
Functional benefit
Products and services
- First Mortgage Whole Loans SEVN originates and invests in first mortgage whole loans secured by middle market and transitional commercial real estate, with principal balances of $20 million to $75 million, stabilized LTV ratios generally 75% or less, terms of five years or less, and floating interest rates based on SOFR plus a competitive market spread. Loans are non-recourse to sponsors with customary carve-out guarantees.
- Mortgage REIT Investment Platform SEVN's investment platform focuses on originating first mortgage loans backed by middle-market commercial real estate, providing a balanced approach to capital preservation and risk-adjusted returns through diversified property-type exposure including multifamily, hospitality, industrial, retail, medical office, and self-storage. Managed by Tremont Realty Capital with access to RMR Group's nationwide network and proprietary underwriting capabilities.
Quantifiable outcome
- Record $776 million in total outstanding loan commitments with no non-accruals or losses
- +2 more outcomes
Companies that use Seven Hills Realty Trust
Customer profileNamed customers8 records
Segments2 records
Ideal customer profiles1 record
Seven Hills Realty Trust technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Seven Hills Realty Trust partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- JLL (Jones Lang LaSalle)coreJLL serves as a key intermediary bringing loan opportunities to Tremont Realty Capital. Multiple transactions have been sourced through JLL, including loans for Enclave at Roswell multifamily property, Snapbox Self Storage Philadelphia, and SpringHill Suites Scottsdale.
- CollierscoreColliers brings loan transaction opportunities to Tremont Realty Capital, including the $22.7 million Sugar Land Medical Plaza refinancing loan for sponsors Harrison Street and Pinecroft Realty.
- Palmer CapitalminorCapital advisory firm that brought the Town Center Plaza retail loan opportunity to Tremont Realty Capital on behalf of sponsor United Growth.
Scale indicators9 records
Recent moves8 records
Expansion highlights6 records
Seven Hills Realty Trust competitors and assessment
Company assessmentDirect peers
- Apollo Commercial Real Estate Finance: Externally-managed mortgage REIT (NYSE: ARI) focused on originating and acquiring senior secured floating-rate loans across CRE property types — directly comparable mandate and similar middle-market orientation.
- Ready Capital: Publicly-traded mortgage REIT (NYSE: RC) that originates and acquires small-balance commercial real estate loans — adjacent in CRE lending mandate but more heavily focused on smaller-balance / non-bank-eligible CRE loans.
- Starwood Property Trust: Largest externally-managed mortgage REIT (NYSE: STWD) with a senior secured floating-rate CRE loan book as a core strategy; provides a comparable product but at meaningfully greater scale and diversification.
- Blackstone Mortgage Trust: Externally-managed mortgage REIT (NYSE: BXMT) sponsored by Blackstone that originates senior secured floating-rate loans, primarily transitional, on institutional CRE in major U.S. markets.
- TPG RE Finance Trust: Externally-managed mortgage REIT (NYSE: TRTX) sponsored by TPG that originates senior secured floating-rate loans on commercial real estate, with comparable focus on transitional middle market assets.
- Ladder Capital: Internally-managed commercial real estate finance company (NYSE: LADR) that originates senior secured first mortgage loans on transitional and stabilized middle market CRE — closely aligned with SEVN's loan-by-loan underwriting model.
- Ares Commercial Real Estate: Externally-managed mortgage REIT (NYSE: ACRE) that originates and invests in first mortgage loans and junior capital solutions secured by income-producing commercial real estate in the U.S. — directly comparable to SEVN in mandate, scale, and target market.
- KKR Real Estate Finance Trust: Externally-managed mortgage REIT (NYSE: KREF) affiliated with KKR that primarily originates and acquires senior secured floating-rate CRE loans — directly comparable in structure, asset class, and sponsorship model.
Broad incumbents
- AG Mortgage Investment Trust: Mortgage REIT (NYSE: MITT) investing in residential and commercial mortgage-related assets — overlapping in CRE credit but with a meaningfully broader (multi-sector) portfolio mandate.
- Chimera Investment Corporation: Hybrid mortgage REIT (NYSE: CIM) with primarily residential mortgage credit exposure but also participating in CRE credit — adjacent rather than directly comparable, included for breadth across the mortgage REIT universe.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Seven Hills Realty Trust financial estimates
Financial estimateRevenue estimate
Valuation estimate
Seven Hills Realty Trust leadership team
Management profileNumber of profiles
Profiles6 records
Seven Hills Realty Trust funding detail
Funding detailFunding overview
Funding rounds8 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Seven Hills Realty Trust M&A and investment
M&A and investmentM&A
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Seven Hills Realty Trust
What does Seven Hills Realty Trust do?
Seven Hills Realty Trust is a mortgage REIT that originates and invests in first mortgage whole loans secured by middle market and transitional commercial real estate properties. Loans typically range from $20 million to $75 million in principal balance with floating interest rates tied to SOFR plus a market spread, terms of five years or less, and conservative loan-to-value ratios generally 75% or less. The company is managed by Tremont Realty Capital, a subsidiary of The RMR Group.
Is Seven Hills Realty Trust a public or private company?
Seven Hills Realty Trust is a public company. It is classified as public and is currently operating.
When was Seven Hills Realty Trust founded?
Seven Hills Realty Trust was founded in 2021. It employs 501 to 1,000 people.
Where is Seven Hills Realty Trust based?
Seven Hills Realty Trust is headquartered in Newton, United States, in the North America region.
How does Seven Hills Realty Trust make money?
One revenue line is on record: interest Income from First Mortgage Loans.
Who are Seven Hills Realty Trust's main competitors?
Direct peers on record are Apollo Commercial Real Estate Finance, Ready Capital, Starwood Property Trust, Blackstone Mortgage Trust, TPG RE Finance Trust, Ladder Capital, Ares Commercial Real Estate and KKR Real Estate Finance Trust. Broad incumbents are AG Mortgage Investment Trust and Chimera Investment Corporation.
Does Seven Hills Realty Trust have an API?
No public API is recorded for Seven Hills Realty Trust.
What industry is Seven Hills Realty Trust in?
Seven Hills Realty Trust's product category is Commercial Mortgage Lending. Its primary akta.pro industry code is FSAHAJAA, Direct Lending — Senior Secured (First Lien), with a secondary code of FSANADAG, Real Estate Private Credit (CRE Debt). Its NAICS code is 525 and its SIC code is 6798.