SEVN · CIK 1452477
What Seven Hills Realty Trust told the SEC could break it.
2 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
A limited set so far, we surface every cited disclosure we’ve extracted for SEVN. More may follow as additional filings are processed.
In its own words
What could break it.
Key person
- Dependence on external manager Tremont / RMR for personnel and loan originationmedium
Seven Hills has no employees of its own and depends entirely on its external manager Tremont (an RMR company) for management and for the personnel who originate its loans, concentrating operational risk in that relationship.
“Tremont, and not us, is responsible for the costs of its employees who provide services to us, including the cost of Tremont's personnel who originate our loans”
SEC filing →As of 2026
Liquidity & debt
- Reliance on secured repurchase financing (UBS, Citibank, Wells Fargo) with guarantees and covenantsmedium
The REIT funds its loan portfolio through secured financing / master repurchase facilities (with UBS, Citibank, Wells Fargo) under guarantees of 25% of asset purchase price and financial covenants (minimum tangible net worth, liquidity, interest coverage, and a leverage ratio).
“In connection with each of our Secured Financing Facilities, we entered into guarantees that require us to guarantee 25 % of the aggregate purchase price of the asset and also contain financial covenants, which require us to maintain a minimum tangible net worth, a minimum liquidity and a minimum interest coverage ratio and to satisfy a total indebtedness to stockholders' equity ratio.”
SEC filing →As of 2026
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings, including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its suppliers
“RMR LLC's wholly owned subsidiary, Tremont Realty Capital LLC, or Tremont, an investment adviser registered with the SEC, provides advisory services for Seven Hills Realty Trust, or SEVN.”
Cited →
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