Mr. Portnoy has been one of our Managing Trustees since our formation. Mr. Portnoy also serves on the Boards of The RMR Group, Hospitality Properties Trust, Senior Housing Properties Trust, Government Properties Income Trust and the RMR Funds. Prior to joining The RMR Group in 2003, Mr. Portnoy held various positions in the finance industry and public sector, including working as a banker at Donaldson, Lufkin & Jenrette and ABN AMRO, working in private equity at the International Finance Corporation (a member of The World Bank Group) and DLJ Banking Partners, as well as serving as Chief Executive Officer of a telecommunications company. Mr. Portnoy currently serves as the Honorary Consul General of the Republic of Bulgaria to the Commonwealth of Massachusetts, and he is formerly a member of the Board of Trustees of Occidental College and the Board of Governors of the National Association of Real Estate Investment Trusts (NAREIT). Mr. Portnoy graduated with a Bachelor’s degree in Public Policy from Occidental College in 1993. Mr. Portnoy is the son of Barry Portnoy.