The RMR Group Appoints Mary Smendzuik as a Senior Vice President and Head of Capital Formation
NEWTON, Mass.--(BUSINESS WIRE)-- The RMR Group (Nasdaq: RMR) today announced the appointment of Mary Smendzuik as a Senior Vice President and Head of Capital Formation. In this newly created role, Ms. Smendzuik will lead RMR's private capital raising strategy and spearhead expanding RMR's relationships with institutional investors. In her role as Head of Capital Formation, Ms. Smendzuik will leverage RMR's platform and experience to further diversify its client base and increase its private capital assets under management.
Ms. Smendzuik has more than 18 years of experience in investor relations and capital markets. She most recently served as a Senior Vice President in the business development group of Torchlight Investors, where she focused on institutional investor fundraising. She also previously held a senior role at New York Life Real Estate Investors.
Adam Portnoy, President & Chief Executive Officer, made the following statement:
'Bringing Mary to RMR is an important step in implementing our private capital fundraising strategy. We believe Mary's experience and extensive relationships will be key to building a robust fundraising pipeline and increasing our private AUM.'
Ms. Smendzuik made the following statement:
'RMR's nationwide platform and its experience across all major property sectors positions RMR to capitalize on investment opportunities it sees in the market. I look forward to working closely with the executive team on enhancing and implementing strategies to grow RMR's private capital business.'
Ms. Smendzuik earned an MBA from the University of Michigan's Stephen M. Ross School of Business and a Bachelor of Arts from Michigan State University.
About The RMR Group
The RMR Group is a leading U.S. alternative asset management company, unique for its focus on both residential and commercial real estate (CRE) and related businesses. RMR's vertical integration is supported by over 900 real estate professionals in more than 35 offices nationwide who manage approximately $40 billion in assets under management and leverage more than 35 years of institutional experience in buying, selling, financing and operating CRE. RMR benefits from a scalable platform, a deep and experienced management team and a diversity of direct real estate strategies across its clients. RMR is headquartered in Newton, MA and was founded in 1986. For more information, please visit www.rmrgroup.com.
WARNING REGARDING FORWARD-LOOKING STATEMENTS
This press release includes forward-looking statements that are within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws that are subject to risks and uncertainties. These statements may include words such as 'believe,' 'could,' 'driving,' 'estimate,' 'expect,' 'goal,' 'intend,' 'may,' 'plan,' 'project,' 'seek,' 'should,' 'will,' 'would,' 'considering,' 'opportunities' and negative or derivatives of these or similar expressions. Forward-looking statements include, without limitation, statements regarding our business strategy and related benefits, our performance, plans, expectations and objectives and our ability to capitalize on additional growth opportunities. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and are cautioned not to place undue reliance on these forward-looking statements. Actual results may differ materially from those currently anticipated due to a number of risks and uncertainties. For example, there can be no assurance that Ms. Smendzuik's appointment will enable RMR to successfully expand its relationships with institutional investors, present new opportunities for current investors, diversify its client base or expand its private capital assets under management. These factors should not be construed as exhaustive and should be read in conjunction with other cautionary statements that are included in RMR's periodic filings. The information contained in RMR's filings with the Securities and Exchange Commission ('SEC'), including under the caption 'Risk Factors' in its periodic reports, or incorporated therein, identifies important factors that could cause differences from the forward-looking statements in this press release. RMR's filings with the SEC are available on its website and at www.sec.gov. You should not place undue reliance on forward-looking statements. Except as required by law, RMR undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
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