Tpg Re Finance ( (TRTX) ) just unveiled an announcement.
On March 12, 2025, TPG RE Finance Trust, Inc. announced the pricing of a $1.1 billion Commercial Real Estate Collateralized Loan Obligation (CRE CLO) named TRTX 2025-FL6. This issuance is expected to generate approximately $962.5 million in investment grade securities for institutional investors, providing the company with non-mark-to-market, non-recourse term financing. The transaction includes a 30-month reinvestment period and is expected to close around March 28, 2025. The company will redeem its previous CRE CLO, TRTX 2019-FL3, resulting in net cash proceeds of approximately $211.1 million for investment and other corporate purposes.
More about Tpg Re Finance
TPG RE Finance Trust, Inc. is a commercial real estate finance company that focuses on originating, acquiring, and managing first mortgage loans secured by institutional properties in primary and select secondary markets in the United States. The company is managed by TPG RE Finance Trust Management, L.P., part of TPG Real Estate, the real estate investment platform of TPG Inc.
YTD Price Performance: -0.70%
Average Trading Volume: 610,408
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $681.2M
Learn more about TRTX stock on TipRanks’ Stock Analysis page.
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