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 CommonWealth REIT, Hospitality Properties TrustSenior Housing Properties Trust and Five Star Quality Care, Inc. since each began business in 1995, 1986, 1999 and 2001, respectively. Mr. Portnoy has been a director and owner of RMR Advisors, Inc. and a Trustee of each of the funds it manages since their founding beginning in 2003, including RMR Real Estate Income Fund and RMR Asia Pacific Real Estate Fund, collectively the RMR Funds. Mr. Portnoy has been a director 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.

Thomas M. O'Brien
Managing Director, President, Chief Executive Officer and Member of the Office of the Chairman
Mr. O'Brien has been one of our Managing Directors since 2006 and is President, Chief Executive Officer and Member of the Office of the Chairman since 2007. He has been the Senior Vice President of Reit Management & Research LLC since 2006 and was Vice President of Reit Management prior to that time since 1996. Mr. O'Brien was the President and a Director of RMR Advisors, Inc. and President and Chief Executive Officer of each of the RMR Funds, since their founding beginning in 2003 until 2007. From 2002 through 2003, Mr. O'Brien served as Executive Vice President of Hospitality Properties Trust, where he had previously served as Treasurer and Chief Financial Officer since 1996. Prior to 1996 Mr. O'Brien was a senior manager with Arthur Andersen LLP.

Arthur G. Koumantzelis
Independent Director
Mr. Koumantzelis is one of our Independent Directors. Mr. Koumantzelis has been the President and Chief Executive Officer of Gainesborough Investments LLC, a private investment company, since 1998. Mr. Koumantzelis has also been a trustee of Hospitality Properties Trust since 1995; prior to the completion of our spin off, Mr. Koumantzelis resigned his position as a trustee of Hospitality Properties Trust. Mr. Koumantzelis has been a trustee of each of the funds managed by RMR Advisors, Inc. since their founding. Mr. Koumantzelis was a Trustee of Senior Housing Properties Trust from 1999 until his resignation in October 2003. Mr. Koumantzelis has other business interests. Mr. Koumantzelis was formerly chief financial officer of Cumberland Farms, Inc., a company engaged in the convenience store business and the sale petroleum products principally under the name of "Gulf Oil" and related trademarks.

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.

Patrick F. Donelan
Independent Director
Mr. Donelan is one of our Independent Directors. Mr. Donelan has been principally employed as a private investor since December 2003. Mr. Donelan has been a trustee of CommonWealth REIT since 1998. Mr. Donelan was the Non-Executive Chairman and member of the advisory board until 2003, and was Chief Executive Officer through 2002, of eSecLending (Europe) Ltd, a London based privately owned company in the business of managing securities lending programs for institutional owners of publicly owned securities. Prior to its acquisition by Dresdner Bank in 1995, Mr. Donelan was Chairman of Kleinwort Benson (North America) Inc., the U.S. based subsidiary of Kleinwort Benson Limited, a United Kingdom based bank. At the time of his retirement in 2001, Mr. Donelan was a Managing Director at Dresdner Kleinwort Wasserstein, the U.K. based investment banking subsidiary of Dresdner Bank of Germany.