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Shareholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2020
Stockholders' Equity Note [Abstract]  
Schedule of Shares Awards and Purchases
During the nine months ended September 30, 2020, we awarded our common shares, valued at the closing price of our common shares on Nasdaq on the applicable award date, as follows:
Date AwardedNumber of SharesPrice per Share
May 19, 2020 (1)
60,000 $2.94 
September 17, 2020 (2)
360,000 $3.77 
(1)In accordance with our Trustee compensation arrangements, we awarded to each of our six Trustees 10,000 of our common shares.
(2)We awarded under our equity compensation plan an aggregate of 360,000 of our common shares to our officers and certain other employees of RMR LLC.
During the nine months ended September 30, 2020, we purchased our common shares from our officers and certain current and former officers and employees of RMR LLC in satisfaction of tax withholding and payment obligations in connection with the vesting of awards of our common shares, valued at the closing price of our common shares on Nasdaq on the purchase dates, as follows:
Date PurchasedNumber of SharesPrice per Share
January 9, 20201,938 $8.10 
March 13, 20201,500 $3.79 
June 30, 20201,757 $4.43 
September 21, 202042,180 $3.38 
Schedule of Dividends Declared and Paid
During the nine months ended September 30, 2020, we declared and paid quarterly distributions to common shareholders as follows:
Record DatePayment DateDistribution Per ShareTotal Distributions
January 27, 2020February 20, 2020$0.15 $35,684 
April 13, 2020May 21, 2020$0.01 $2,379 
July 27, 2020August 20, 2020$0.01 $2,380