TPG RE Finance Trust, Inc. Closes Public Offering of Series C Cumulative Redeemable Preferred Stock
Vinson & Elkins advised TPG RE Finance Trust, Inc. (“TRTX”) in connection with a public offering of 8,050,000 shares of its 6.25% Series C Cumulative Redeemable Preferred Stock at a public offering price of $25.00 per share. The offering closed today on June 14, 2021.
TRTX is a commercial real estate finance company that originates, acquires, and manages primarily first mortgage loans secured by institutional properties located in primary and select secondary markets in the United States. TRTX is externally managed by TPG RE Finance Trust Management, L.P., a part of TPG Real Estate, which is the real estate investment platform of global alternative asset firm TPG.
The V&E corporate team was led by senior associate Zach Swartz, with assistance from associates Joe Milano, Tyler Johnson and Austin Sciezinski. Advising on tax matters were partner Chris Mangin, senior associate Paige Anderson and associate Christina McLeod. Ramey Layne advised on Investment Company Act matters.
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