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Ta Petro

Board of Directors


Barry M. Portnoy

Managing Director

Mr. Portnoy is one of our Managing Directors and has been one of the Managing Trustees or Directors of Hospitality Properties Trust, Senior Housing Properties Trust, Government Properties Income Trust, Select Income REIT, Tremont Mortgage Trust and Five Star Quality Care, Inc. since each began business in 1986, 1995, 1999, 2009, 2012, 2017 and 2001, respectively. Mr. Portnoy has been a Director and Owner of RMR Advisors, Inc. and a Trustee of each of the funds it has managed since their founding in 2003, including RMR Real Estate Income Fund, collectively the RMR Funds. Mr. Portnoy has been Chairman and Owner of Reit Management & Research LLC since it began business in 1986. From 1978 through March 1997, Mr. Portnoy was a partner of the law firm of Sullivan & Worcester LLP, and he was chairman of that firm from 1994 through March 1997.

Barbara D. Gilmore

Independent Director

Ms. Gilmore is one of our Independent Directors. Ms. Gilmore has served as a clerk to Judge Joel B. Rosenthal of the United States Bankruptcy Court, Western Division of the District of Massachusetts, since 2001. Ms. Gilmore was a Partner of the law firm of Sullivan & Worcester LLP from 1993 to 2000. Ms. Gilmore has been a Director of Five Star Quality Care, Inc. since 2004 and a Trustee of Government Properties Income Trust since 2009.


Lisa Harris Jones

Independent Director

Ms. Jones is one of our independent directors. Ms. Jones is a founding member of the Baltimore-based law firm of Harris Jones and Malone and is a graduate of the University of Pittsburgh in Pittsburgh, PA, and American University Washington College of Law in Washington, D.C. In addition to her professional accomplishments, Ms. Jones has held leadership positions in many community service and civic organizations for which she has received recognitions and awards, including being the recipient of the YWCA Greater Baltimore Special Leadership Award in 2012.

Joseph L. Morea

Independent Director

Mr. Morea is one of our Independent Directors.  Mr. Morea was a Vice Chairman and Managing Director, serving as head of U.S. Equity Capital Markets, at RBC Capital Markets, an international investment bank, from 2003 until 2012.  From 2008 to 2009, Mr. Morea also served as the head of U.S. Investment Banking for RBC Capital Markets.  Previously, Mr. Morea was employed as an investment banker, including as a Managing Director and the co-head of U.S. Equity Capital Markets at UBS, Inc., the Chief Operating Officer of the Investments Banking Division and head of U.S. Equity Capital Markets at PaineWebber, Inc. and a Managing Director of Equity Capital Markets at Smith Barney, Inc. Prior to working as an investment banker, Mr. Morea was employed as a certified public accountant.


Adam D. Portnoy

Managing Director

Mr. Portnoy is one of our Managing Directors.  Mr. Portnoy is President and Chief Executive Officer of The RMR Group Inc. and The RMR Group LLC.  Mr. Portnoy also serves on the Board of RMR and the Boards of several companies managed by RMR, including: Hospitality Properties Trust, Senior Housing Properties Trust, Select Income REIT, Government Properties Income Trust, Tremont Mortgage Trust, RMR Real Estate Income Fund, Sonesta International Hotels Corporation and RMR Advisors LLC, an SEC registered investment advisor. Mr. Portnoy is also President and Chief Executive Officer of Tremont Realty Advisors LLC, a wholly owned SEC registered investment adviser subsidiary of RMR acquired in 2016.  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.

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