Seven Hills Realty Trust (Nasdaq: SEVN) today announced that it has entered into an agreement for a $100 million note on note financing facility with BMO Harris Bank, which it may use to leverage its commercial mortgage loan investments. Loans issued under the financing facility will be co-terminus with the pledged mortgage loan investments, are not subject to margin calls and allow for up to an 80% advance rate, subject to certain loan to cost and loan to value limits. Interest on advancements under the facility will be calculated at SOFR plus an applicable margin.

Doug Lanois, Chief Financial Officer and Treasurer, made the following statement:

“This new financing arrangement with BMO Harris is a significant step in executing our strategy to diversify SEVN’s capital sources. SEVN has a substantial pipeline of lending opportunities and this note on note facility provides us capital that matches the term of the underlying loans and will not subject us to mark to market provisions. It presents an attractive way to enhance our financing mix and increase investment returns for our shareholders as we continue to scale SEVN’s loan portfolio.”

Seven Hills Realty Trust (Nasdaq: SEVN) is a real estate finance company that originates and invests in first mortgage loans secured by middle market and transitional commercial real estate. SEVN is managed by Tremont Realty Capital, a wholly owned subsidiary of The RMR Group LLC. The RMR Group LLC is an alternative asset management company, majority owned by The RMR Group Inc. (Nasdaq: RMR), with over $32 billion in assets under management and 35 years of institutional experience in buying, selling, financing and operating commercial real estate. For more information about SEVN, please visit www.sevnreit.com.

WARNING CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Also, whenever SEVN uses words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “will,” “may” and negatives or derivatives of these or similar expressions, SEVN is making forward-looking statements. These forward-looking statements are based upon SEVN’s present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by SEVN’s forward-looking statements as a result of various factors. Forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond SEVN’s control. For example:

• Advancements under this facility are subject to SEVN satisfying certain financial covenants and other facility conditions that SEVN may be unable to satisfy, including BMO Harris Bank’s review and approval of the underlying note. In addition, actual costs under the financing facility will be higher than SOFR plus an applicable margin because of fees and expenses associated with the facility.
• Statements about SEVN’s continued growth of its loan portfolio may imply that SEVN will successfully grow its loan portfolio and that it will benefit as a result. However, SEVN’s ability to make additional loans is subject to various risks, including competition, demand for loans of the type SEVN provides, SEVN’s ability to successfully negotiate and enter into loan agreements and other matters. In addition, any growth of its loan portfolio may not benefit SEVN if, for example, SEVN does not realize the returns it expects from that growth.

The information contained in SEVN’s filings with the Securities and Exchange Commission, or SEC, including under “Risk Factors” in SEVN’s periodic reports or incorporated therein, identifies other important factors that could cause SEVN’s actual results to differ materially from those stated in or implied by SEVN’s forward-looking statements. SEVN’s filings with the SEC are available on the SEC’s website at www.sec.gov.

You should not place undue reliance upon forward-looking statements.

Except as required by law, SEVN does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.

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