RMR Group Inc. disclosed that it submitted a confidential registration statement related to a proposed initial public offering for a commercial mortgage real estate investment trust.
The draft registration statement covers an offering by a newly formed commercial mortgage REIT to be managed by a registered investment adviser subsidiary of RMR. The IPO is expected to commence after the Securities and Exchange Commission completes its review process and a public registration statement has been filed with the regulator.
The size of the proposed offering has not yet been determined.