Select Income REIT Announces Two Properties Have Been Recognized With Energy Efficiency and Operating Performance Awards

09/19/2017

NEWTON, Mass.--(BUSINESS WIRE)-- Select Income REIT (Nasdaq: SIR) today announced that two of its properties have been recognized with energy efficiency and operating performance awards by leading commercial real estate industry groups.

SIR’s property located at 400 South Jefferson Street in Chicago, IL has been designated a BOMA 360 Performance Building by the Building Owners and Managers Association (BOMA) International 360 Performance Program Council. Earning the BOMA 360 label indicates that BOMA believes a building is outperforming the competition with regard to its operations and management. This eight-story, 248,000 square foot Class A office property is an authentic 1940's era building located in Chicago's West Loop submarket and it is within blocks of all major forms of transportation. Major renovations since 2012 include new HVAC, passenger elevators, fire/sprinkler equipment, boilers, cooling tower, washrooms, lighting, conference rooms, auditorium and roof deck. As a result, the building boasts a 97/100 Energy Star rating and a LEED Gold certification for Commercial Interiors. The building serves as a regional headquarters for Tyson Foods, Inc.

SIR’s property located at 2555 Grand Boulevard in Kansas City, MO has received a Mayor’s Energy Efficiency Award by U.S. Green Building Council (USGBC) Central Plains. This award recognizes buildings that improved their 2016 Energy Star score through the EPA's Portfolio Manager program over their 2014 score. This 24-story, 596,000 square foot Class A office building is located within the Crown Center mixed-use development and it serves as the corporate headquarters for the law firm Shook, Hardy & Bacon LLP.

Both properties are managed by RMR Real Estate Services, a division of The RMR Group LLC. The RMR Group LLC manages Select Income REIT and it is the majority owned operating subsidiary of The RMR Group Inc. (Nasdaq: RMR). RMR Real Estate Services is responsible for providing all aspects of property management services to more than 600 buildings with over 70 million square feet of commercial office, industrial, medical office, lab and retail space that are managed by The RMR Group LLC.

About Select Income REIT

Select Income REIT is a real estate investment trust, or REIT, which owns properties that are primarily net leased to single tenants. SIR is managed by The RMR Group LLC, the majority owned operating subsidiary of The RMR Group Inc. (Nasdaq: RMR) and an alternative asset management company that is headquartered in Newton, MA.

About The RMR Group Inc.

The RMR Group Inc. is a holding company and substantially all of its business is conducted by its majority owned operating subsidiary, The RMR Group LLC. The RMR Group LLC is an alternative asset management company that primarily provides management services to publicly traded REITs and real estate related operating companies. As of June 30, 2017, The RMR Group LLC had approximately $27.9 billion of total assets under management, including more than 1,400 properties, and employed over 475 real estate professionals in more than 35 offices throughout the United States; the companies managed by The RMR Group LLC collectively had approximately 53,000 employees. The RMR Group Inc. is headquartered in Newton, Massachusetts.

A Maryland Real Estate Investment Trust with transferable shares of beneficial interest listed on the Nasdaq.
No shareholder, Trustee or officer is personally liable for any act or obligation of the Trust.

Source: Select Income REIT

Select Income REIT

Christopher Ranjitkar, 617-796-8320

Director, Investor Relations

  • ICPE Award
  • U.S Green Building Council
  • Energy Star Partner
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The information appearing in SIR’s website includes statements which constitute forward looking statements. These forward looking statements are based upon SIR’s present intents, beliefs or expectations, but forward looking statements are not guaranteed to occur and may not occur. SIR’s actual results may differ materially from those contained in SIR’s forward looking statements. The information contained in SIR’s filings with the Securities and Exchange Commission (SEC), including under “Risk Factors” and “Warnings Concerning Forward Looking Statements” in SIR’s periodic reports and other filings, identifies important factors that could cause SIR’s actual results to differ materially from those stated or implied in SIR’s forward looking statements. SIR’s filings with the SEC are available on the SEC’s website at www.sec.gov and are also accessible on SIR’s website at the following link: SEC Filings. You should not place undue reliance upon forward looking statements. Except as required by law, SIR 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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