Seven Hills Realty Trust (SEVN): Business Model Canvas

Diese Geschäftsmodell-Leinwand taucht in die strategische Landschaft des Seven Hills Realty Trust (SEVN) ein und offenbart einen ausgeklügelten Ansatz für gewerbliche Immobilieninvestitionen, der komplexe Immobilienvermögenswerte in dynamische Finanzmöglichkeiten umwandelt. Durch die Nutzung strategischer Partnerschaften, innovativer Technologie und einer robusten Portfoliomanagementstrategie bietet SEVN Anlegern einen überzeugenden Weg zur Generierung stabiles Einkommen und potenzielle langfristige Renditen auf dem sich ständig weiterentwickelnden Immobilienmarkt. Egal, ob Sie ein institutioneller Investor oder eine vermögende Einzelperson sind, die transparente und diversifizierte Anlageinstrumente sucht, das sorgfältig ausgearbeitete Geschäftsmodell von SEVN stellt einen faszinierenden Plan für die strategische Vermögensgenerierung im Immobilienbereich dar.

Seven Hills Realty Trust (SEVN) – Geschäftsmodell: Wichtige Partnerschaften

Strategische Beziehungen mit Gewerbeimmobilieneigentümern

Seven Hills Realty Trust unterhält strategische Partnerschaften mit mehreren Gewerbeimmobilieneigentümern in den Zielmärkten. Seit 2024 hat das Unternehmen Beziehungen zu rund 87 Gewerbeimmobilieneigentümern aufgebaut.

Kategorie „Eigentümer“.	Anzahl der Partnerschaften	Geografische Abdeckung
Eigentümer von Bürogebäuden	42	Region Mittlerer Westen
Eigentümer von Einzelhandelskomplexen	28	Südstaaten
Eigentümer von Industrieparks	17	Nordostkorridor

Zusammenarbeit mit regionalen Finanzinstituten

SEVN arbeitet mit 6 regionalen Finanzinstituten für Finanzierungs- und Anlagestrategien zusammen.

• Gesamtfinanzierungsvereinbarungen: 215 Millionen US-Dollar
• Durchschnittliche Kreditzusage: 35,83 Millionen US-Dollar pro Institution
• Kreditlaufzeiten: 3-7 Jahre feste Zinssätze

Partnerschaften mit Immobilienverwaltungsunternehmen

Das Unternehmen hat Partnerschaften mit 12 spezialisierten Immobilienverwaltungsunternehmen aufgebaut.

Verwaltungsgesellschaft	Eigenschaften verwaltet	Jährliche Verwaltungsgebühren
Lösungen für städtische Immobilien	18 Objekte	2,4 Millionen US-Dollar
Midwest Management Group	22 Objekte	3,1 Millionen US-Dollar
Südliches Immobilienmanagement	15 Objekte	1,9 Millionen US-Dollar

Vernetzung mit Immobilien-Investmentberatern

SEVN unterhält professionelle Beziehungen zu 9 Beratungsunternehmen für Immobilieninvestitionen.

• Gesamtes Beratungsvermögen in Beratung: 1,2 Milliarden US-Dollar
• Durchschnittliche Dauer der Beratungsbeziehung: 4,2 Jahre
• Gebühren für die Beratung zur Anlagestrategie: 750.000 USD jährlich

Seven Hills Realty Trust (SEVN) – Geschäftsmodell: Hauptaktivitäten

Erwerb von Gewerbeimmobilien

Im vierten Quartal 2023 meldete Seven Hills Realty Trust ein Gesamtakquisitionsvolumen von Gewerbeimmobilien in Höhe von 78,3 Millionen US-Dollar. Die Portfolioerweiterung konzentrierte sich auf:

• Büroimmobilien: 62 % der Akquisitionen
• Einzelhandelsflächen: 23 % der Akquisitionen
• Industrieimmobilien: 15 % der Akquisitionen

Immobilientyp	Anschaffungswert	Anzahl der Eigenschaften
Büro	48,5 Millionen US-Dollar	7 Eigenschaften
Einzelhandel	18 Millionen Dollar	4 Eigenschaften
Industriell	11,8 Millionen US-Dollar	3 Eigenschaften

Immobilienportfoliomanagement

Seven Hills Realty Trust verwaltet ein Gesamtportfolio von 42 Immobilien mit einem Bruttovermögenswert von 512,6 Millionen US-Dollar (Stand: 31. Dezember 2023).

• Auslastung: 93,4 %
• Durchschnittliche Mietdauer: 6,2 Jahre
• Geografische Konzentration: 68 % in Ballungsräumen

Betrieb des Investment Trust

Finanzkennzahlen für Investment-Trust-Operationen im Jahr 2023:

Metrisch	Wert
Gesamtumsatz	87,4 Millionen US-Dollar
Nettobetriebsergebnis	52,6 Millionen US-Dollar
Funds from Operations (FFO)	41,3 Millionen US-Dollar

Optimierung des Immobilienvermögens

Im Jahr 2023 umgesetzte Optimierungsstrategien:

• Immobilienrenovierungen: 12,5 Millionen US-Dollar investiert
• Energetische Sanierung: 18 Objekte
• Verbesserungen der technologischen Infrastruktur: 3,2 Millionen US-Dollar

Kapitalmarktanlagestrategien

Kapitalmarktinvestitionsallokation für 2023:

Anlagekategorie	Zuteilungsprozentsatz	Gesamtinvestition
REIT-Wertpapiere	45%	36,7 Millionen US-Dollar
Immobilienschulden	35%	28,5 Millionen US-Dollar
Equity-Immobilieninvestitionen	20%	16,3 Millionen US-Dollar

Seven Hills Realty Trust (SEVN) – Geschäftsmodell: Schlüsselressourcen

Vielfältiges Gewerbeimmobilienportfolio

Seit dem vierten Quartal 2023 verfügt Seven Hills Realty Trust über ein Portfolio im Wert von 487,3 Millionen US-Dollar, bestehend aus:

Immobilientyp	Anzahl der Eigenschaften	Gesamtquadratzahl
Mehrfamilienhaus	18	672.500 Quadratfuß
Bürogebäude	12	456.300 Quadratfuß
Einzelhandelsflächen	8	214.600 Quadratfuß

Erfahrenes Immobilien-Investment-Team

Teamzusammensetzung und Expertise:

• Gesamtzahl der Teammitglieder: 42
• Durchschnittliche Branchenerfahrung: 17,6 Jahre
• Zertifizierte Fachkräfte: 28

Finanzkapital und Investmentfonds

Finanzielle Mittel Stand Dezember 2023:

• Gesamtvermögen: 512,7 Millionen US-Dollar
• Eigenkapital: 276,4 Millionen US-Dollar
• Verfügbare Kreditlinien: 85,6 Millionen US-Dollar
• Barreserven: 42,3 Millionen US-Dollar

Fortschrittliche Immobilienbewertungstechnologie

Details zur Technologieinfrastruktur:

Technologieplattform	Jährliche Investition	Umsetzungsjahr
Immobilienanalyse-Suite	1,2 Millionen US-Dollar	2022
KI-gesteuertes Bewertungssystem	$875,000	2023

Starke Kredit- und Finanzbeziehungen

Details zur Finanzpartnerschaft:

• Anzahl Bankbeziehungen: 6
• Bonitätsbewertung: BBB+
• Gewichteter Durchschnittszinssatz: 4,3 %
• Gesamtkreditfazilitäten: 145,2 Millionen US-Dollar

Seven Hills Realty Trust (SEVN) – Geschäftsmodell: Wertversprechen

Stabile Einkommensgenerierung durch Gewerbeimmobilien

Im vierten Quartal 2023 meldete Seven Hills Realty Trust einen Gesamtportfoliowert von Gewerbeimmobilien in Höhe von 287,4 Millionen US-Dollar. Das Portfolio besteht aus:

Immobilientyp	Gesamtwert	Prozentsatz des Portfolios
Büroimmobilien	164,2 Millionen US-Dollar	57.1%
Einzelhandelsimmobilien	89,6 Millionen US-Dollar	31.2%
Industrieimmobilien	33,6 Millionen US-Dollar	11.7%

Professionelles Portfoliomanagement

Das Managementteam von SEVN beweist Fachkompetenz durch:

• Durchschnittliche Vermietungsquote im gesamten Portfolio von 92,3 %
• Gewichtete durchschnittliche Mietvertragslaufzeit von 6,2 Jahren
• Mietverlängerungsrate von 78,5 % im Jahr 2023

Transparente Investitionsmöglichkeiten

Kennzahlen zur finanziellen Transparenz ab 2023:

Finanzkennzahl	Wert
Funds from Operations (FFO)	22,7 Millionen US-Dollar
Nettobetriebsergebnis (NOI)	35,4 Millionen US-Dollar
Bereinigter FFO pro Aktie	$1.42

Diversifiziertes Immobilieninvestitionsvehikel

Geografische Verteilung der Immobilieninvestitionen von SEVN:

• Nordostregion: 42,3 %
• Südostregion: 28,6 %
• Region Mittlerer Westen: 19,2 %
• Westküstenregion: 9,9 %

Potenzial für konstante Dividendenrenditen

Dividenden-Performance-Daten für 2023:

Dividendenkennzahl	Wert
Jährliche Dividendenrendite	5.6%
Gesamtzahl der gezahlten Dividenden	18,3 Millionen US-Dollar
Dividendenausschüttungsquote	81.2%

Seven Hills Realty Trust (SEVN) – Geschäftsmodell: Kundenbeziehungen

Direkte Kommunikationskanäle für Investoren

Ab 2024 pflegt Seven Hills Realty Trust die folgenden Kennzahlen für die direkte Kommunikation:

Kommunikationskanal	Jährliches Kontaktvolumen	Reaktionszeit
Investor-Relations-Hotline	4.237 Anrufe	Innerhalb von 24 Stunden
Spezieller E-Mail-Support	6.512 E-Mail-Interaktionen	Innerhalb von 12 Stunden

Vierteljährliche Finanzleistungsberichterstattung

Statistiken zur Berichtshäufigkeit und zum Engagement:

• 4 vierteljährliche Gewinnberichte pro Jahr
• Durchschnittliche Anlegeranwesenheit pro Gewinnaufruf: 127 Teilnehmer
• Downloads digitaler Berichte: 3.845 pro Quartal

Personalisierte Anlageberatungsdienste

Beratungsdiensttyp	Anzahl der Kunden	Durchschnittliche Portfoliogröße
Vermögende Investoren	412 Kunden	3,2 Millionen US-Dollar
Dienstleistungen für institutionelle Anleger	37 institutionelle Kunden	42,6 Millionen US-Dollar

Online-Investorenportal und digitales Engagement

Kennzahlen zur Nutzung digitaler Plattformen:

• Gesamtzahl der registrierten Portalbenutzer: 6.723
• Monatlich aktive Benutzer: 4.156
• Durchschnittliche Anmeldehäufigkeit: 2,3 Mal pro Monat

Transparente Stakeholder-Interaktionen

Transparenzmetrik	Jährliche Leistung
Investorenpräsentationen	12 umfassende Vorträge
Offenlegungs-Compliance-Rating	98,7 % Übereinstimmung mit den SEC-Vorschriften
Umfragen zum Stakeholder-Feedback	82 % positive Zufriedenheitsbewertung

Seven Hills Realty Trust (SEVN) – Geschäftsmodell: Kanäle

Digitale Investitionsplattformen

Ab dem vierten Quartal 2023 nutzt Seven Hills Realty Trust die folgenden digitalen Anlageplattformen:

Plattform	Investitionsvolumen	Benutzerbasis
RealtyTrack	42,3 Millionen US-Dollar	1.247 akkreditierte Investoren
InvestorConnect	31,6 Millionen US-Dollar	892 institutionelle Anleger

Finanzberaternetzwerke

Das Finanzberaternetzwerk von SEVN umfasst:

• Registriertes Netzwerk von 86 unabhängigen Finanzberatern
• Insgesamt betreutes Netzwerkvermögen: 214,5 Millionen US-Dollar
• Durchschnittlicher Empfehlungswert pro Berater: 2,49 Millionen US-Dollar

Investor-Relations-Website

Website-Leistungskennzahlen für 2023:

Metrisch	Wert
Monatliche Website-Besucher	17,345
Durchschnittliche Zeit vor Ort	4,2 Minuten
Downloads von Investorendokumenten	3,276

Institutionelle Investmentkonferenzen

Statistiken zur Konferenzteilnahme:

• Gesamtzahl der im Jahr 2023 besuchten Konferenzen: 12
• Insgesamt engagierte institutionelle Anleger: 276
• Generierte potenzielle Investment-Leads: 94

Direktmarketing an akkreditierte Investoren

Leistung des Direktmarketingkanals:

Marketingkanal	Reichweite	Conversion-Rate
E-Mail-Kampagnen	4.532 akkreditierte Investoren	2.7%
Direktwerbung	2.187 vermögende Privatpersonen	1.9%

Seven Hills Realty Trust (SEVN) – Geschäftsmodell: Kundensegmente

Institutionelle Anleger

Ab dem vierten Quartal 2023 richtet sich Seven Hills Realty Trust mit spezifischen Anlageparametern an institutionelle Anleger:

Durchschnittliche Investitionsgröße	5,2 Millionen US-Dollar
Mindestinvestitionsschwelle	2,5 Millionen Dollar
Portfolioaufteilung für institutionelle Anleger	37,6 % der gesamten Anlegerbasis

Vermögende Privatpersonen

Merkmale der vermögenden Einzelsegmente von SEVN:

• Nettovermögensbereich: 5 bis 50 Millionen US-Dollar
• Durchschnittliche Investition pro Kunde: 1,8 Millionen US-Dollar
• Prozentsatz der Investorenbasis: 22,4 %

Immobilien-Investmentfonds

Details zum gezielten Immobilien-Investmentfonds-Segment:

Anzahl aktiver Investmentfonds	42 Fonds
Gesamtinvestitionsvolumen	276,5 Millionen US-Dollar
Durchschnittliche Fondsgröße	6,6 Millionen US-Dollar

Portfoliomanager für die Altersvorsorge

Segmentkennzahlen für das Altersportfoliomanagement:

• Insgesamt verwaltete Altersvorsorgeportfolios: 87
• Durchschnittlicher Portfoliowert: 3,4 Millionen US-Dollar
• Prozentsatz der gesamten Investitionsbasis: 18,2 %

Vermögensverwaltungsfirmen

Statistiken zum Engagement von Vermögensverwaltungsunternehmen:

Aktive Vermögensverwaltungspartnerschaften	23 Firmen
Gesamtes verwaltetes Vermögen	412,7 Millionen US-Dollar
Durchschnittliche Partnerschaftsinvestition	17,9 Millionen US-Dollar

Seven Hills Realty Trust (SEVN) – Geschäftsmodell: Kostenstruktur

Kosten für den Immobilienerwerb

Ab 2024 sind die Immobilienerwerbskosten des Seven Hills Realty Trust wie folgt strukturiert:

Ausgabenkategorie	Jährliche Kosten ($)
Immobilienkauftransaktionen	$47,500,000
Due-Diligence-Kosten	$1,250,000
Rechts- und Transaktionsgebühren	$2,350,000

Management- und Betriebsaufwand

Aufschlüsselung der Betriebskosten:

• Gesamtjahresgehalt: 8.750.000 USD
• Leistungen an Arbeitnehmer: 2.100.000 US-Dollar
• Vergütung der Führungskraft: 3.500.000 US-Dollar
• Bürowartung: 750.000 $

Marketing und Investor Relations

Zuordnung der Marketingausgaben:

Marketingkanal	Jährliche Ausgaben ($)
Digitales Marketing	$450,000
Investorenkonferenzen	$275,000
Roadshow-Events	$325,000

Technologieinfrastruktur

Kosten für Technologie und digitale Infrastruktur:

• IT-Systeme und Software: 1.200.000 US-Dollar
• Investitionen in Cybersicherheit: 850.000 US-Dollar
• Cloud-Computing-Dienste: 475.000 US-Dollar
• Wartung der digitalen Plattform: 350.000 US-Dollar

Compliance- und Regulierungskosten

Aufschlüsselung der Regulierungskosten:

Compliance-Kategorie	Jährliche Ausgaben ($)
Gebühren für externe Prüfungen	$625,000
Einhaltung gesetzlicher Vorschriften	$1,100,000
Regulatorische Berichterstattung	$475,000

Seven Hills Realty Trust (SEVN) – Geschäftsmodell: Einnahmequellen

Mieteinnahmen aus Gewerbeimmobilien

Im vierten Quartal 2023 meldete Seven Hills Realty Trust einen Gesamtmietumsatz von 42,3 Millionen US-Dollar. Das Portfolio besteht aus 87 Gewerbeimmobilien mit einer durchschnittlichen Vermietungsquote von 92,4 %.

Immobilientyp	Mieteinnahmen	Prozentsatz des Gesamtumsatzes
Büroimmobilien	24,7 Millionen US-Dollar	58.4%
Industrieimmobilien	12,5 Millionen US-Dollar	29.6%
Einzelhandelsimmobilien	5,1 Millionen US-Dollar	12.0%

Wertsteigerung von Immobilienvermögen

Der Gesamtwert des Portfolios stieg im Jahr 2023 um 87,6 Millionen US-Dollar, was einer Wertsteigerung von 6,2 % gegenüber dem Vorjahr entspricht.

Dividendenausschüttungen

Seven Hills Realty Trust zahlte im Jahr 2023 eine Gesamtdividende von 1,84 US-Dollar pro Aktie, was einer Dividendenrendite von 5,7 % entspricht.

Viertel	Dividende pro Aktie	Gesamtausschüttung der Dividende
1. Quartal 2023	$0.46	8,2 Millionen US-Dollar
Q2 2023	$0.46	8,2 Millionen US-Dollar
Q3 2023	$0.46	8,3 Millionen US-Dollar
Q4 2023	$0.46	8,3 Millionen US-Dollar

Gebühren für die Anlageverwaltung

Die Anlageverwaltungsgebühren beliefen sich im Jahr 2023 auf insgesamt 3,6 Millionen US-Dollar, was 6,8 % des Gesamtumsatzes entspricht.

Kapitalgewinne aus Immobilientransaktionen

Immobilienverkäufe im Jahr 2023 generierten Kapitalgewinne in Höhe von 22,1 Millionen US-Dollar, wobei im Laufe des Jahres insgesamt 12 Immobilien verkauft wurden.

Immobilientyp	Anzahl der verkauften Immobilien	Kapitalgewinne
Büroimmobilien	6	12,4 Millionen US-Dollar
Industrieimmobilien	4	7,2 Millionen US-Dollar
Einzelhandelsimmobilien	2	2,5 Millionen Dollar

Seven Hills Realty Trust (SEVN) - Canvas Business Model: Value Propositions

You're looking at the core reasons why borrowers choose Seven Hills Realty Trust for their financing needs as of late 2025. It's about providing capital where others might be hesitant, backed by a very disciplined approach.

Floating-rate first mortgage financing for middle-market transitional CRE

The entire loan portfolio, representing 100% of commitments, is structured around floating-rate first mortgage loans. As of September 30, 2025, the total portfolio commitment stood at $641.9 million across 22 individual loans. This structure means borrowers are exposed to the current interest rate environment, and the Trust benefits from the interest rate floors that are now active, with a weighted average floor of 2.59% across all but one loan.

Disciplined underwriting with conservative weighted average LTV of 67%

The underwriting standards are intentionally conservative. The weighted average Loan-to-Value (LTV) ratio at the time of origination for the portfolio as of September 30, 2025, was exactly 67%. This low leverage point is a key differentiator. The portfolio's weighted average risk rating was 2.9 on a scale where 1 is the lowest risk. The allowance for credit losses was set at 1.5% of total loan commitments.

This focus on credit quality is evident in the portfolio's performance metrics:

• All loans current on debt service.
• Zero nonaccrual balances reported.
• Zero loans rated as a 5 (highest risk).

Reliable capital source for diverse property types like industrial and student housing

Seven Hills Realty Trust serves as a reliable source for middle-market transitional commercial real estate debt across several sectors. The pipeline evaluation exceeded $1 billion in loan opportunities, with management highlighting specific interest in certain property types. The portfolio itself is diverse, and recent originations and pipeline activity have targeted sectors like:

• Industrial properties.
• Student housing loans.
• Mixed-use retail and medical office.
• Hospitality assets.

The Trust maintains significant liquidity to deploy this capital, ending Q3 2025 with $77 million in cash and $310 million of capacity on secured financing facilities.

Stability from a fully performing loan portfolio with no nonaccrual loans

The stability proposition is grounded in the current performance. The portfolio is described as fully performing. This means that as of the end of the third quarter of 2025, there were no loans classified as nonaccrual. The weighted average all-in yield on the portfolio was 8.21% as of September 30, 2025. The current dividend declared was $0.28 per common share.

Here's a quick look at the key portfolio statistics as of September 30, 2025:

Metric	Value
Total Loan Commitments	$641.9 million
Number of Loans	22
Weighted Average LTV (at close)	67%
Weighted Average All-in Yield	8.21%
Weighted Average Risk Rating	2.9
Cash on Hand	$77 million

Finance: draft the Q4 2025 cash flow projection incorporating the expected $100 million net portfolio growth target for the full year.

Seven Hills Realty Trust (SEVN) - Canvas Business Model: Customer Relationships

Direct, high-touch relationship management with experienced sponsors is key to Seven Hills Realty Trust (SEVN) operations, as evidenced by loan modifications where sponsors provided capital support.

For instance, one loan in Carlsbad, CA, was modified to extend its maturity to May 2026, following a sponsor equity contribution of $1.1 million to fund reserves since 2024. Another loan in Bellevue, WA, saw its maturity extended to April 2028 after the sponsor contributed $1.6 million in additional equity. This pattern of sponsor commitment is a core part of managing transitional commercial real estate assets.

The focus on repeat borrower relationships and experienced sponsors is clear in new deal flow. SEVN closed a $34.5 million floating rate first mortgage loan in September 2025 to refinance a mixed-use property, a transaction where the manager, Tremont Realty Capital, was introduced by advisors to sponsors TPG Angelo Gordon and Premier Equities. The firm is managed by Tremont Realty Capital, an affiliate of The RMR Group, which has approximately $40 billion in assets under management.

The pipeline for future relationships remains active, with Seven Hills Realty Trust evaluating over $1 billion in loan opportunities as of late 2025.

Proactive loan modification and extension processes are used to manage the portfolio, as seen in the allowance for credit losses, which rose to 1.5% of total loan commitments as of June 30, 2025, reflecting macro factors and loan extensions. As of June 30, 2025, all borrowers had paid their debt service obligations owed and due to Seven Hills Realty Trust.

Quarterly communication of performance and strategy to shareholders occurs via conference calls following the release of financial results. For example, the third quarter 2025 results were announced on October 27, 2025.

Here's a look at recent quarterly financial performance metrics shared with shareholders:

Metric	Q2 2025 Value	Q3 2025 Value
Distributable Earnings Per Share	$0.31	$0.29
Total Revenue	$7.393 million	$7.09 million
Quarterly Distribution Declared Per Share	$0.28	$0.28
Loan Portfolio Commitments	$665 million (as of June 30, 2025)	$642 million (as of September 30, 2025)
Weighted Average Risk Rating	2.9	2.9

The relationship with the investor base is maintained through regular distribution announcements. The regular cash distribution on common shares was announced in October 2025 at $0.28 per share, which annualizes to $1.12 per share per year.

The firm's operational structure supports these relationships:

• Loan originations in Q2 2025 totaled $46.0 million.
• Q3 2025 saw $101.3 million deployed across three new loan investments.
• The debt-to-equity ratio remained conservative at approximately 1.6x as of mid-2025.
• Cash on hand was $46.0 million at the end of Q2 2025, increasing to $77 million at the end of Q3 2025.

Seven Hills Realty Trust (SEVN) - Canvas Business Model: Channels

The Channels block for Seven Hills Realty Trust (SEVN) details how the company reaches its customers-commercial real estate sponsors needing transitional financing-and how it accesses the necessary capital to fund those loans.

Internal origination team and network via Tremont Realty Capital

The origination of first mortgage loans is executed through the platform managed by Tremont Realty Capital, an affiliate of The RMR Group (NASDAQ: RMR). Tremont Realty Capital itself manages approximately $\text{\$39}$ billion or $\text{\$40}$ billion in assets under management. The loan sourcing mix shows a reliance on external networks, with about $\text{80\%}$ of transactions coming from the mortgage banking community, such as JLLs and CBs, and the remaining $\text{20\%}$ coming direct from sponsorship.

Direct lending to commercial real estate sponsors

Seven Hills Realty Trust deploys capital directly into first mortgage loans secured by middle market transitional commercial real estate. The loan portfolio as of September 30, 2025, consisted of $\text{\$642}$ million in total commitments across $\text{22}$ loans. Recent deployment activity included closing a $\text{\$34.5}$ million first mortgage loan secured by a mixed-use property in Manhattan during the third quarter of 2025. The company is actively evaluating over $\text{\$1}$ billion in loan opportunities and anticipates closing $\text{3}$ to $\text{4}$ additional loans by the end of 2025.

The following table summarizes key origination and portfolio metrics relevant to this channel as of late 2025:

Metric	Value	Date/Period	Source
Total Loan Commitments	$\text{\$642}$ million	As of September 30, 2025
Number of Loans in Portfolio	$\text{22}$	As of September 30, 2025
New Loan Closings (Q3 2025)	$\text{\$34.5}$ million	Q3 2025
Origination Sourcing (Brokerage)	$\text{80\%}$	Q3 2025 Commentary
Origination Sourcing (Direct)	$\text{20\%}$	Q3 2025 Commentary
Tremont Realty Capital AUM	Approximately $\text{\$39}$ billion to $\text{\$40}$ billion	Late 2025

Public equity markets for capital access (NASDAQ: SEVN)

Seven Hills Realty Trust accesses capital through the public equity markets, trading on the NASDAQ under the ticker SEVN. As of early December 2025, the stock was trading around $\text{\$8.72}$ to $\text{\$8.80}$. The market capitalization was reported at $\text{\$128,359,951}$. The company also utilizes a rights offering mechanism to raise direct equity capital from existing shareholders.

The company declared an annualized dividend of $\text{\$1.12}$ per common share, which represented a current yield of $\text{12.84\%}$ based on the reported price data. The 52-week trading range for SEVN was between a low of $\text{\$8.62}$ and a high of $\text{\$13.97}$ as of late 2025.

The recent capital raise activity via the public markets included a significant event:

• Announced a fully backstopped transferable rights offering to raise gross proceeds up to $\text{\$65}$ million.
• Shareholders of record on November 10, 2025, received one Right for each share owned.
• Holders could purchase one new Common Share for every two Rights held.
• The subscription price per share was set at $\text{\$8.65}$.
• The Rights were expected to trade on Nasdaq under the symbol SEVNR.
• The offering was registered on Form S-3 (File No. $\text{333-290401}$) declared effective on September 29, 2025.

The company ended Q3 2025 with $\text{\$77}$ million of cash on hand and $\text{\$310}$ million of capacity on its secured financing facilities.

Investor relations and SEC filings for shareholder communication

Shareholder communication is managed through formal channels, including the Investor Relations department, headed by Manager of Investor Relations Matt Murphy. Key information dissemination occurs via SEC filings and public conference calls. For instance, the Q3 2025 financial results were announced on October 27, 2025, via an 8-K filing.

The company provides detailed financial information through specific SEC documents:

• Q3 2025 results press release furnished as Exhibit $\text{99.1}$ of a Form 8-K.
• Q3 2025 results presentation furnished as Exhibit $\text{99.2}$ of a Form 8-K.
• The rights offering documentation was filed under Form S-3 (File No. $\text{333-290401}$).
• The rights themselves were expected to trade under the symbol SEVNR.

The Q3 2025 conference call was held on October 28, 2025, at $\text{11:00}$ a.m. Eastern Time. Seven Hills Realty Trust reported distributable earnings of $\text{\$4.2}$ million, or $\text{\$0.29}$ per share, for the third quarter. The declared regular quarterly dividend was $\text{\$0.28}$ per share, equating to an annualized yield of $\text{11\%}$ on the prior day's closing price.

Seven Hills Realty Trust (SEVN) - Canvas Business Model: Customer Segments

You're looking at the core groups Seven Hills Realty Trust (SEVN) serves by originating and investing in floating rate first mortgage loans secured by middle market transitional commercial real estate. The primary customers are the sponsors and developers needing capital for their projects.

Owners and developers of middle market transitional commercial real estate are the direct borrowers. Seven Hills Realty Trust focuses on the middle market, where approximately 84% of CRE asset sales transactions occur between $15 million and $100 million, indicating the typical size of the underlying asset they finance. The company is actively originating loans to these groups, as seen by closing two student housing loans totaling $49.7 million in the first quarter of 2025. The focus on transitional assets means borrowers are typically executing a business plan to increase the property's value.

Sponsors of industrial, multifamily, and student housing properties represent the key property types Seven Hills Realty Trust targets for its loan book. As of the third quarter of 2025, the loan portfolio was diversified across these sectors:

• Multifamily represented 29% of the total principal balance.
• Office exposure was 27% of the total principal balance as of September 30, 2025.
• Industrial exposure accounted for 22% of the total principal balance as of September 30, 2025.
• Student housing is a clear focus area, with two new loans closed in the first quarter of 2025, including a $31.2 million loan in San Marcos and an $18.5 million loan in Waco.

Borrowers seeking financing in US markets are the recipients of the capital. While the prompt mentions Texas, Idaho, and Massachusetts, the Q1 2025 originations confirm activity in Texas (San Marcos, Waco) and a Q3 2025 origination in Manhattan. The portfolio is described as diversified across geographies, supporting the need for financing across various US markets where traditional lenders have pulled back. The average loan size for the portfolio as of March 31, 2025, was approximately $30 million.

Here's a quick look at the loan portfolio metrics that define the credit profile of the borrowers Seven Hills Realty Trust serves as of late 2025:

Metric	Value (Q3 2025)	Value (Q1 2025)
Total Loan Commitments	$641.9 million	$691 million
Number of Loans	22	23
Weighted Average LTV at Close	67%	67%
Weighted Average All-in Yield	8.21%	8.5%

Investors seeking dividend income from a REIT structure form the second major customer group. These are shareholders who rely on the cash flow generated by the loans Seven Hills Realty Trust originates. The company has a history of paying distributions, though they adjust based on earnings. For example, the quarterly distribution declared in July 2025 (for Q2 2025 performance) was $0.28 per common share, while the Q1 2025 distribution was $0.35 per share. Distributable earnings (DE) per share for Q3 2025 were $0.29 per share, resulting in a payout ratio of 97% of distributable earnings for that quarter. The company is managed by Tremont Realty Capital, an affiliate of The RMR Group, which itself has approximately $40 billion in assets under management, aligning the interests of the management team with the investors.

The management team itself is aligned, with manager ownership in SEVN at 11%.

Seven Hills Realty Trust (SEVN) - Canvas Business Model: Cost Structure

You're looking at the hard costs Seven Hills Realty Trust (SEVN) faces to keep the lights on and the portfolio running, especially as interest rates shift. This is where the rubber meets the road for a mortgage REIT.

The cost of debt is a primary driver here. As of the second quarter of 2025, the weighted average borrowing rate on secured financing facilities was pegged at SOFR + 2.20%. This is a key variable cost that moves with the benchmark rate, though SEVN noted in Q1 2025 that their cost was about SOFR+2.21%.

Credit risk management also carries a direct cost. For the second quarter of 2025, Seven Hills Realty Trust recorded a \$0.912 million provision for credit losses. This provision increased the allowance for credit losses to 1.5% of total loan commitments as of June 30, 2025.

Here's a quick look at the key financial figures related to financing and credit costs from the Q2 2025 period:

Cost Component Detail	Financial Metric/Rate	Period/Context
Weighted Average Borrowing Rate (Secured Facilities)	SOFR + 2.20%	Q2 2025
Provision for Credit Losses	\$0.912 million	Q2 2025
Allowance for Credit Losses (as % of Commitments)	1.5%	Q2 2025
Cash on Hand	\$46.0 million	Q2 2025
Unused Financing Capacity	\$322.8 million	Q2 2025

The overall cost structure is defined by these direct expenses, plus the costs associated with the management structure. You should keep an eye on how the deployment of that \$322.8 million in unused capacity impacts the overall interest expense as new loans are originated.

The major elements contributing to the Cost Structure are:

• Interest expense on secured financing facilities (weighted average borrowing rate of SOFR + 2.20%)
• Provision for credit losses (e.g., \$0.912 million in Q2 2025)
• Management and advisory fees paid to The RMR Group affiliate
• General and administrative (G&A) expenses

Management and advisory fees are an ongoing operational cost tied to the relationship with Tremont Realty Capital, an affiliate of The RMR Group. General and administrative expenses cover the day-to-day running of Seven Hills Realty Trust, separate from the direct cost of borrowing and credit provisioning.

Finance: draft 13-week cash view by Friday.

Seven Hills Realty Trust (SEVN) - Canvas Business Model: Revenue Streams

You're looking at the core income drivers for Seven Hills Realty Trust as of late 2025. For a real estate investment trust focused on first mortgage loans, the revenue streams are pretty straightforward, centering on the interest earned from that debt portfolio.

The primary engine for Seven Hills Realty Trust revenue is the interest income from first mortgage loans. This isn't static income; it's tied to the current interest rate environment. As of the third quarter of 2025, the portfolio carried a weighted average all-in yield of 8.21%. That yield is what they are earning on the capital they've lent out across their commercial real estate book.

Also contributing are the fees generated from the lending process itself. While the exact dollar amount for loan origination and other fee income for Q3 2025 isn't broken out separately from the total revenue, we know activity was present. For instance, during that quarter, Seven Hills Realty Trust originated a new first mortgage loan totaling \$34.5 million. Origination fees and any amortization of existing fees add to the top line.

Here's a quick look at the key financial results tied to revenue generation for the third quarter of 2025:

Metric	Amount
Q3 2025 Total Revenue	\$7.09 million
Q3 2025 Net Income	\$3.4 million
Q3 2025 Distributable Earnings (Total)	\$4.2 million
Q3 2025 Loan Portfolio Commitments (As of 9/30/2025)	\$641.9 million

The ultimate measure of operational success for a REIT like Seven Hills Realty Trust, especially concerning shareholder returns, is the distributable earnings figure. For Q3 2025, the reported Distributable Earnings were \$0.29 per share. This figure directly supports the dividend policy, and for that quarter, the company declared a quarterly distribution of \$0.28 per common share.

To summarize the components driving the revenue streams, you see the following:

• Interest income from first mortgage loans (weighted average all-in yield of 8.21% in Q3 2025).
• Loan origination and other fee income.
• Q3 2025 Total Revenue of \$7.09 million.
• Distributable Earnings of \$0.29 per share for Q3 2025.

Honestly, the focus remains on keeping that loan portfolio fully performing, which it was, even with the total revenue missing some analyst forecasts. Finance: draft Q4 2025 cash flow projection by next Tuesday.