RMR Group appoints Mary Smendzuik as head of capital formation

NEWTON, Mass. - The RMR Group Inc. (NASDAQ:RMR), a company currently valued at $515 million with a strong financial health score according to InvestingPro, has appointed Mary Smendzuik as Senior Vice President and Head of Capital Formation, the company announced in a press release statement.

In this newly created position, Smendzuik will lead RMR’s private capital raising strategy and work to expand relationships with institutional investors. Her role aims to diversify the company’s client base and increase private capital assets under management.

Smendzuik brings more than 18 years of experience in investor relations and capital markets. She previously served as Senior Vice President in the business development group at Torchlight Investors, focusing on institutional investor fundraising. She also held a senior position at New York Life Real Estate Investors.

"Bringing Mary to RMR is an important step in implementing our private capital fundraising strategy," said Adam Portnoy, President and Chief Executive Officer of RMR Group.

Smendzuik holds an MBA from the University of Michigan’s Stephen M. Ross School of Business and a Bachelor of Arts from Michigan State University.

The RMR Group is an alternative asset management company specializing in residential and commercial real estate. The firm manages approximately $40 billion in assets and employs over 900 real estate professionals across more than 35 offices nationwide.

In other recent news, RMR Group Inc. reported its first-quarter 2025 earnings, which fell short of market expectations. The company posted an earnings per share (EPS) of $0.28, missing the forecasted $0.38, and reported revenue of $166.66 million, significantly below the expected $218.8 million. Despite the earnings miss, RMR Group maintains a strong cash position with $137 million on hand and no corporate debt. The company is planning $1 billion in private capital initiatives for 2025, highlighting a strategic focus on growth. Additionally, RMR Group is targeting $100 million in value-add retail acquisitions over the next 6 to 12 months. Meanwhile, the company anticipates recurring service revenues of $44-$45 million and adjusted EPS between $0.28 and $0.30 for the next quarter. Analysts from firms like Oppenheimer have noted the challenging fundraising environment but acknowledge RMR’s continued engagement with private capital investors. RMR’s CEO, Adam Portnoy, emphasized the company’s capacity to capitalize on investment opportunities and its strategic positioning amidst economic volatility.

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