New York Mortgage Trust Closes Public Offering of Common Stock
Vinson & Elkins advised New York Mortgage Trust, Inc. in connection with its $87.8 million underwritten public offering of its common stock. The offering closed on November 13, 2018.
New York Mortgage Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust for federal income tax purposes (“REIT”). NYMT is an internally managed REIT in the business of acquiring, investing in, financing and managing mortgage-related and residential housing-related assets and targets multi-family CMBS, direct financing to owners of multi-family properties through preferred equity and mezzanine loan investments, residential mortgage loans, including second mortgages and loans sourced from distressed markets, non-Agency RMBS, Agency RMBS and other mortgage-related and residential housing-related investments.
The V&E corporate team was led by partner Chris Green with assistance from senior associate Doug Lionberger and associate Dylan Coons. The tax team included partner Chris Mangin and associates Paige Anderson and Virginia Blanton.