Reit Management & Research (RMR) is a private company that primarily manages publicly traded companies. Since its founding in 1986, RMR has grown from managing one public company with less than $100 million in assets to eight public companies with approximately $23.0 billion in assets as of June 30, 2013. RMR oversees a large portfolio of publicly owned real estate, including approximately 1,700 properties throughout North America and Australia. In combination, the companies managed by RMR generated over $12 billion in annual revenues and employed over 50,000 people as of June 30, 2013. RMR directly employs more than 840 professionals in its headquarters in Newton, MA and in over 20 regional offices.