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NEWTON, MA-Responding to shareholder concerns that performance incentives for the external manager of CommonWealth REIT and its subsidiaries should be more closely aligned with investor returns, CWH on Monday said it would implement a new management fee plan beginning next year. The REIT and its four subsidiaries—Select Income REIT, Hospitality Properties Trust, Senior Housing Properties Trust and Government Properties Income Trust—are externally managed by REIT Management and Research, which is owned by the father-and-son team of Barry and Adam Portnoy, who also serve as managing trustees for all five REITs.

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