HRPT Properties Trust · Newton, MA United States ·(NYSE: HRP)

HRPT Properties Trust is a real estate investment trust (REIT) that owns some 540 properties in nearly 40 states, mainly in suburban areas of major metropolitan markets. About two-thirds are office properties, while the remainder are used for industrial or other purposes. They contain approximately 67 million sq. ft. of space. HPRT is one of the largest industrial private land owners in Oahu, controlling nearly 400 acres (or about 17 million sq. ft.). Other major markets include Boston, Philadelphia, Washington, DC, and Southern California. The REIT's day-to-day activities are conducted by external manager Reit Management & Research (RMR), which is owned by HRPT managing trustees Barry Portnoy and his son Adam. To read the full description, subscribe now.