Lisa Harris Jones, Independent Trustee

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Lisa Harris Jones has been one of our Independent Trustees since January 2018. Ms. Harris Jones is the founding member of Harris Jones & Malone, LLC, a law firm based in Maryland founded in 2000. Ms. Harris Jones has been active in numerous community service and civic organizations, and in 2012 was the recipient of the YWCA Greater Baltimore Special Leadership Award. Ms. Harris Jones also serves as an independent trustee of Senior Housing Properties Trust (Nasdaq: SNH) and as an independent director of TravelCenters of America (Nasdaq: TA).

Bruce M. Gans, M.D., Independent Trustee

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Bruce M. Gans, M.D. has been one of our Independent Trustees since January 2018. Dr. Gans has been executive vice president and chief medical officer at the Kessler Institute for Rehabilitation since 2001 and national medical director for Rehabilitation Select Medical, the parent company of the Kessler Institute, since 2003. He is also a professor of physical medicine and rehabilitation at Rutgers University—New Jersey Medical School. Dr. Gans also serves as an independent director of Five Star Senior Living (Nasdaq: FVE) and previously served as an independent trustee of Hospitality Properties Trust (Nasdaq: HPT).

Joseph L. Morea, Independent Trustee

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Joseph L. Morea has been one of our Independent Trustees since January 2018. Mr. Morea was a vice chairman and managing director, serving as head of U.S. Equity Capital Markets, at RBC Capital Markets, from 2003 until 2012. From 2008 to 2009 Mr. Morea also served as the head of U.S. Investment Banking for RBC Capital Markets. Mr. Morea serves as an independent director of TravelCenters of America (Nasdaq: TA), an independent trustee of RMR Real Estate Income Fund (NYSE American: RIF) and Tremont Mortgage Trust (Nasdaq: TRMT), a director of Garrison Capital Inc. and a trustee of THL Credit Senior Loan Fund and Eagle Growth & Income Opportunities Fund.

John C. Popeo, Managing Trustee

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Mr. Popeo is our President and Chief Executive Officer and previously was President and Chief Operating Officer since our formation. Mr. Popeo has been a Managing Director since 2018. He is also Executive Vice President of our manager, The RMR Group LLC (RMR), and Chief Financial Officer and Treasurer of Select Income REIT (Nasdaq: SIR). Prior to joining RMR in 1997, Mr. Popeo held accounting and finance positions at other real estate companies, including The Beacon Companies and First Winthrop Corporation. Mr. Popeo is a certified public accountant and earned a Bachelor’s Degree in Accounting from the University of Massachusetts at Amherst.

Adam D. Portnoy, Managing Trustee

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Mr. Portnoy is President and Chief Executive Officer of The RMR Group Inc. (Nasdaq: RMR) and The RMR Group LLC. He is the Chair of the RMR Executive Operating Committee. Mr. Portnoy also serves on the Board of RMR and the Boards of several companies managed by RMR, including: Hospitality Properties Trust (Nasdaq: HPT), Senior Housing Properties Trust (Nasdaq: SNH), Select Income REIT (Nasdaq: SIR), Government Properties Income Trust (Nasdaq: GOV), Industrial Logistics Properties Trust (Nasdaq: ILPT), Tremont Mortgage Trust (Nasdaq: TRMT), Five Star Senior Living Inc. (Nasdaq: FVE), TravelCenters of America (Nasdaq: TA), RMR Real Estate Income Fund (NYSE American: RIF), Sonesta International Hotels Corporation (Private) and RMR Advisors LLC as well as Tremont Realty Advisors, both SEC registered investment advisors. Prior to joining RMR 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 Merchant Banking Partners, as well as serving as Chief Executive Officer of a telecommunications company. Mr. Portnoy currently serves on the Board of Directors of the Pioneer Institute, and 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.