TPG RE Finance Trust, Inc. Provides Update on CRE Debt Securities Portfolio
NEW YORK--(BUSINESS WIRE)--On April 24, 2020, TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) sold CRE debt securities, subject to customary settlement, with an aggregate face amount of $19.7 million (the “Transaction”). Upon completion of the Transaction, the Company will own no CRE debt securities and will not have any associated liabilities. The Transaction will cause the Company to recognize a loss on sale of approximately $2.7 million, which is estimated to result in a re
TPG RE Finance Trust, Inc. Provides Update on CRE Debt Securities Portfolio
NEW YORK--(BUSINESS WIRE)--On April 24, 2020, TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) sold CRE debt securities, subject to customary settlement, with an aggregate face amount of $19.7 million (the “Transaction”). Upon completion of the Transaction, the Company will own no CRE debt securities and will not have any associated liabilities. The Transaction will cause the Company to recognize a loss on sale of approximately $2.7 million, which is estimated to result in a re