Adam D. Portnoy
Managing Trustee
Mr. Portnoy is President and Chief Executive Officer of The RMR Group Inc. (Nasdaq: RMR). 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: Diversified Healthcare Trust (Nasdaq: DHC), Office Properties Income Trust (Nasdaq: OPI), Industrial Logistics Properties Trust (Nasdaq: ILPT), Tremont Mortgage Trust (Nasdaq: TRMT), Five Star Senior Living Inc. (Nasdaq: FVE), TravelCenters of America Inc. (Nasdaq: TA), RMR Mortgage Trust (Nasdaq: RMRM), Sonesta International
Hotels Corporation (Private) and Tremont Realty Advisors LLC, an SEC registered investment adviser. 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.