Mr. Portnoy is President and Chief Executive Officer of The RMR Group Inc. (Nasdaq: RMR). RMR is a holding company and substantially all its business is conducted by its majority-owned subsidiary, The RMR Group LLC.  The RMR Group LLC is an alternative asset management company that was founded in 1986 to invest in real estate and manage real estate related businesses. RMR’s business primarily consists of providing management services to six publicly owned real estate investment trusts, or REITs, and three real estate related operating companies. As of June 30, 2018, The RMR Group LLC had approximately $30.0 billion of total assets under management, including more than 1,700 properties, and employed almost 600 real estate professionals in more than 35 offices throughout the United States; the companies managed by The RMR Group LLC collectively had over 52,000 employees.  Mr. Portnoy is President and Chief Executive Officer of The RMR Group LLC, and serves as Chair of both its Executive Operating Committee and Capital Allocations Committee.   

Mr. Portnoy also serves on the Board of RMR and the Boards of all the companies managed by RMR, including: Hospitality Properties Trust (Nasdaq: HPT), Senior Housing Properties Trust (SNH), Select Income REIT (SIR), Government Properties Income Trust (GOV), Industrial Logistics Properties Trust (ILPT), Tremont Mortgage Trust (TRMT), Five Star Senior Living Inc. (FVE), TravelCenters of America (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 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).