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RMR Group founder and chairman dies

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RMR Group founder and chairman dies

Barry Portnoy, founder, chairman and managing director of RMR Group Inc., which manages numerous equity and mortgage real estate investment trusts, died Feb. 25.

Portnoy was also a managing trustee or managing director of Government Properties Income Trust, Hospitality Properties Trust, Industrial Logistics Properties Trust, Select Income REIT, Senior Housing Properties Trust, Tremont Mortgage Trust, Five Star Senior Living Inc., TravelCenters of America LLC and RMR Real Estate Income Fund, and he served as director of Sonesta International Hotels Corp., RMR Advisors LLC and Tremont Realty Advisors LLC.

Portnoy's son, Adam, will continue to lead the property management company as president, CEO and managing director, according to a release.