{"id":984898,"date":"2026-07-27T08:04:47","date_gmt":"2026-07-27T12:04:47","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/seven-hills-realty-trust-closes-24-3-million-first-mortgage-loan-to-refinance-a-retail-property-in-park-city-utah\/"},"modified":"2026-07-27T08:04:47","modified_gmt":"2026-07-27T12:04:47","slug":"seven-hills-realty-trust-closes-24-3-million-first-mortgage-loan-to-refinance-a-retail-property-in-park-city-utah","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/seven-hills-realty-trust-closes-24-3-million-first-mortgage-loan-to-refinance-a-retail-property-in-park-city-utah\/","title":{"rendered":"Seven Hills Realty Trust Closes $24.3 Million First Mortgage Loan to Refinance a Retail Property in Park City, Utah"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwmarginl1 { margin-left: 30px }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Seven Hills Realty Trust Closes $24.3 Million First Mortgage Loan <\/b><b>to Refinance a Retail Property in Park City, Utah<\/b><\/p>\n<p>NEWTON, Mass.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fsevnreit.com%2Fhome%2Fdefault.aspx&amp;esheet=54577471&amp;newsitemid=20260726264631&amp;lan=en-US&amp;anchor=Seven+Hills+Realty+Trust+%28Nasdaq%3A+SEVN%29&amp;index=1&amp;md5=41aa8744d471babddb5fc1a1d72de39e\">Seven Hills Realty Trust (Nasdaq: SEVN)<\/a> today announced the closing of a $24.3 million first mortgage loan to refinance Kimball on Main, a 25,000 square foot retail property located in Park City, Utah.<\/p>\n<p>\nKimball on Main is prominently located within Park City\u2019s historic Main Street shopping district and is well leased to a diverse mix of retail tenants. The property benefits from strong foot traffic generated by both local residents and year-round tourism, as well as significant barriers to entry driven by restrictive zoning which limits new development within the historic downtown corridor.<\/p>\n<p>\nThe loan has a three-year initial term with two one-year extension options, subject to the borrower satisfying certain conditions. The transaction was brought to SEVN\u2019s manager, Tremont Realty Capital, by Stanton Road Capital, a private investment management firm with offices in Los Angeles and Park City, and the sponsor and owner of the property.<\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fsevnreit.com%2Fabout-us%2Fleadership%2Fthomas-lorenzini%2Fdefault.aspx&amp;esheet=54577471&amp;newsitemid=20260726264631&amp;lan=en-US&amp;anchor=Tom+Lorenzini&amp;index=2&amp;md5=7cafe52e5e38b24435f440867330ac2b\">Tom Lorenzini<\/a>, President and Chief Investment Officer of SEVN, made the following statement:<\/p>\n<p class=\"bwmarginl1\">\n\u201cKimball on Main is a high quality retail property in the heart of one of the country\u2019s premier resort destinations, supported by strong tenant demand, limited new supply and favorable long-term market fundamentals. We were also attracted to this opportunity as it comes to us from a repeat sponsor with whom we have successfully completed prior transactions. Overall, we believe this investment aligns with our disciplined investment strategy and represents a compelling addition to our portfolio.\u201d<\/p>\n<p><b>About Seven Hills Realty Trust<\/b><\/p>\n<p>\nSeven Hills Realty Trust (Nasdaq: SEVN) is a real estate investment trust that originates and invests in first mortgage loans secured by middle market transitional commercial real estate. SEVN is managed by <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.tremontcapital.com%2FHome%2Fdefault.aspx&amp;esheet=54577471&amp;newsitemid=20260726264631&amp;lan=en-US&amp;anchor=Tremont+Realty+Capital&amp;index=3&amp;md5=9c956123c6f07f44e37b384bf7fa1c34\">Tremont Realty Capital<\/a>, an affiliate of <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.rmrgroup.com%2FHome%2Fdefault.aspx&amp;esheet=54577471&amp;newsitemid=20260726264631&amp;lan=en-US&amp;anchor=The+RMR+Group+%28Nasdaq%3A+RMR%29&amp;index=4&amp;md5=0c238aaff8a26aa12840d525f6f378ad\">The RMR Group (Nasdaq: RMR)<\/a>, a leading U.S. alternative asset management company with over $37 billion in assets under management and 40 years of institutional experience in buying, selling, financing and operating commercial real estate. For more information about SEVN, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sevnreit.com&amp;esheet=54577471&amp;newsitemid=20260726264631&amp;lan=en-US&amp;anchor=www.sevnreit.com&amp;index=5&amp;md5=be75f681da3b9dd917b1c8e0781e4353\">www.sevnreit.com<\/a>.<\/p>\n<p class=\"bwalignc\"><b><span class=\"bwuline\">WARNING CONCERNING FORWARD-LOOKING STATEMENTS<\/span><\/b><\/p>\n<p>\nThis 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. These statements may include words such as \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cestimate,\u201d \u201cwill,\u201d \u201cmay\u201d and negatives or derivatives of these or similar expressions. These forward-looking statements include, among others, statements about the quality of SEVN\u2019s investments and performance of underlying properties, as well as SEVN\u2019s potential future growth. Forward-looking statements reflect SEVN\u2019s current expectations, are based on judgments and assumptions, are inherently uncertain and are subject to risks, uncertainties and other factors, which could cause SEVN\u2019s actual results, performance or achievements to differ materially from expected future results, performance or achievements expressed or implied in those forward-looking statements. Some of the risks, uncertainties and other factors that may cause our actual results, performance or achievements to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, the following: the ability of SEVN to make additional investments; the success of SEVN\u2019s investments; SEVN\u2019s available liquidity, access to capital and cost of capital; and various other matters. These risks, uncertainties and other factors are not exhaustive and should be read in conjunction with other cautionary statements that are included in SEVN\u2019s periodic filings with the Securities and Exchange Commission, or SEC. The information contained in SEVN\u2019s filings with the SEC, including under the caption \u201cRisk Factors\u201d in its periodic reports, or incorporated therein, identifies important factors that could cause SEVN\u2019s actual results to differ materially from those stated in or implied by SEVN\u2019s forward-looking statements. SEVN\u2019s filings with the SEC are available on the SEC\u2019s website at <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sec.gov&amp;esheet=54577471&amp;newsitemid=20260726264631&amp;lan=en-US&amp;anchor=www.sec.gov&amp;index=6&amp;md5=343451e8a9f630a2122128b0feb19ee2\">www.sec.gov<\/a>. 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.<\/p>\n<p class=\"bwalignc\"><i>A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.<br \/>\n<br \/>No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20260726264631r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20260726264631\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20260726264631\/en\/<\/a><\/span><\/p>\n<p>\nMatt Murphy, Manager, Investor Relations<br \/>\n<br \/>(617) 796-8253<br \/>\n<br \/><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.sevnreit.com&amp;esheet=54577471&amp;newsitemid=20260726264631&amp;lan=en-US&amp;anchor=www.sevnreit.com&amp;index=7&amp;md5=92906a2d6dfaa3b5362e1ebe4cd95b6b\">www.sevnreit.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Utah Massachusetts United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Commercial Building &amp; Real Estate Finance Construction &amp; Property Asset Management REIT<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20260726264631\/en\/1268790\/3\/Seven_Hills_Realty_Trust.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Seven Hills Realty Trust Closes $24.3 Million First Mortgage Loan to Refinance a Retail Property in Park City, Utah NEWTON, Mass.&#8211;(BUSINESS WIRE)&#8211;Seven Hills Realty Trust (Nasdaq: SEVN) today announced the closing of a $24.3 million first mortgage loan to refinance Kimball on Main, a 25,000 square foot retail property located in Park City, Utah. Kimball on Main is prominently located within Park City\u2019s historic Main Street shopping district and is well leased to a diverse mix of retail tenants. The property benefits from strong foot traffic generated by both local residents and year-round tourism, as well as significant barriers to entry driven by restrictive zoning which limits new development within the historic downtown corridor. The loan has a three-year initial &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/seven-hills-realty-trust-closes-24-3-million-first-mortgage-loan-to-refinance-a-retail-property-in-park-city-utah\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Seven Hills Realty Trust Closes $24.3 Million First Mortgage Loan to Refinance a Retail Property in Park City, Utah&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-984898","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Seven Hills Realty Trust Closes $24.3 Million First Mortgage Loan to Refinance a Retail Property in Park City, Utah - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/seven-hills-realty-trust-closes-24-3-million-first-mortgage-loan-to-refinance-a-retail-property-in-park-city-utah\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Seven Hills Realty Trust Closes $24.3 Million First Mortgage Loan to Refinance a Retail Property in Park City, Utah - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Seven Hills Realty Trust Closes $24.3 Million First Mortgage Loan to Refinance a Retail Property in Park City, Utah NEWTON, Mass.&#8211;(BUSINESS WIRE)&#8211;Seven Hills Realty Trust (Nasdaq: SEVN) today announced the closing of a $24.3 million first mortgage loan to refinance Kimball on Main, a 25,000 square foot retail property located in Park City, Utah. Kimball on Main is prominently located within Park City\u2019s historic Main Street shopping district and is well leased to a diverse mix of retail tenants. The property benefits from strong foot traffic generated by both local residents and year-round tourism, as well as significant barriers to entry driven by restrictive zoning which limits new development within the historic downtown corridor. 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Kimball on Main is prominently located within Park City\u2019s historic Main Street shopping district and is well leased to a diverse mix of retail tenants. The property benefits from strong foot traffic generated by both local residents and year-round tourism, as well as significant barriers to entry driven by restrictive zoning which limits new development within the historic downtown corridor. 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