888 Seventh Avenue

June 1, 2020 Comments Off on Starwood Capital Will Recapitalize TPG REIT Views: 1536 Midtown New York, New York News

Starwood Capital Will Recapitalize TPG REIT

Order Reprints...

TPG RE Finance Trust (TRTX) has entered into a definitive investment agreement with an affiliate of Starwood Capital Group for a commitment of up to $325 million in new capital.

Under terms of the agreement, Starwood Capital has made a strategic, non-voting investment in New York City-based TRTX via preferred stock and detachable warrants to purchase its common stock.

“The new capital will provide TRTX with additional liquidity and flexibility to navigate the current economic environment,” said TRTX CEO Greta Guggenheim. “Starwood’s investment is a testament to the strength and quality of TRTX’s business and portfolio.”

At Starwood Capital, managing partner Ethan Bing said, “With this recapitalization and through our new position as a TRTX stakeholder, we firmly believe the company is positioned for sustained long-term success and will generate meaningful value for its shareholders and the partners of our fund moving forward.”

Pictured: TPG RE Finance Trust headquarters in Midtown Manhattan.

Connect With TPG RE Finance Trust

Connect With Starwood Capital


Get CRE News in 150 words

For comments, questions or concerns, please contact Paul Bubny

Tags: ,

Comments are closed.

Send this to a friend