Adam Portnoy, 55, Managing Trustee TRUSTEE SINCE 2017 CHAIR OF OUR BOARD SINCE 2019 BOARD COMMITTEES None PROFESSIONAL EXPERIENCE: President and Chief Executive Officer of RMR Inc., since shortly after its formation in 2015. President and Chief Executive Officer of RMR since 2005, and Director from 2006 to June 5, 2015 when RMR became a majority owned subsidiary of RMR Inc. and RMR Inc. became RMR s managing member. Director of Tremont Realty Capital LLC since March 2016. Sole trustee, controlling shareholder and an officer of ABP Trust. Director and controlling shareholder of Sonesta International Hotels Corporation and its parent. Sole director of AlerisLife, Inc. since its acquisition by ABP Trust in March 2023. Director of RMR Advisors LLC from 2007 to 2021 when it merged with Tremont Realty Capital LLC. Honorary Consul General of the Republic of Bulgaria to Massachusetts. Co-Chair of Massachusetts Opportunity Alliance, Inc. Board. Member of Massachusetts High Technology Council, Inc. Board. Chair of the board of directors of the Pioneer Institute. Executive committee member of the board of directors of the Greater Boston Chamber of Commerce. Member of AJC New England s Leadership Board. Previously served on the board of governors for the National Association of Real Estate Investment Trusts and the board of trustees of Occidental College. OTHER RMR PUBLIC CLIENT BOARDS (1) : Service Properties Trust (since 2007) Diversified Healthcare Trust (since 2007) Office Properties Income Trust (since 2009) Seven Hills Realty Trust, including its predecessor companies (since 2009) The RMR Group Inc. (since 2015) TravelCenters of America Inc. (from 2018 until it was acquired by BP Products North America Inc. in May 2023) and chair of its board (from 2019 to May 2023) AlerisLife Inc. (from 2018 until it was acquired by ABP Trust in March 2023) and chair of its board (from 2019 to March 2023) Tremont Mortgage Trust (from 2017 until it merged with Seven Hills Realty Trust in September 2021) OTHER NON-RMR MANAGED PUBLIC COMPANY BOARDS: None BACKGROUND Mr. Portnoy brings to our Board extensive experience in, and knowledge of, the asset management, CRE and residential real estate industries and REITs, gained in part through his key leadership position with RMR and its subsidiaries, his public company board service, and his demonstrated management ability. Mr. Portnoy also possesses experience in investment banking and private equity, as well as institutional knowledge earned through prior service on our Board and deep knowledge of our business. Mr. Portnoy qualifies as a Managing Trustee in accordance with the requirements of our governing documents. Our Nominating and Governance Committee and our Board believe that, because Mr. Portnoy is the president and chief executive officer of RMR and the business of all the companies (including our Company) for which he serves as a managing trustee or managing director is integral to his day to day work, service on these additional boards does not impair the amount of attention or time that Mr. Portnoy spends on service on our Board. Our Board believes that Mr. Portnoy s extensive familiarity with our day to day business provides valuable insight for our Board. Risk Oversight/Management Human Capital Management Financial Literacy Public Company Board REIT/Real Estate Investment Expertise Government/Public Policy Public Company Executive