Experienced TPG Real Estate Executive Joins TRTX, Further Strengthening Management Team
TPG RE Finance Trust, Inc. (NYSE: TRTX) (“TRTX” or the “Company”) announced today that Matthew Coleman has been appointed as President of the Company, effective immediately. In his role, Coleman will work alongside TRTX’s Chief Executive Officer, Greta Guggenheim, to continue growing the platform and enhancing shareholder value. Coleman, a Partner of TPG, will also continue in his role as Chief Operating Officer of TPG Real Estate.
“Matt’s years of experience as a leader in real estate private equity, in-depth understanding of the TRTX platform, and operational expertise will bring significant value to our shareholders,” said Greta Guggenheim, CEO of TRTX. “We have taken several steps over the past few months to adapt and strengthen our platform in the face of immense market disruption, and Matt’s appointment solidifies that important progress. I look forward to partnering with him as we continue to position the Company for future success.”
Prior to joining TPG in 2012, Coleman served as a Senior Vice President of the real estate private equity group at D. E. Shaw & Co. From 2000 through 2005, Coleman was an attorney in the New York City office of Cravath, Swaine & Moore LLP, where he practiced in the areas of mergers and acquisitions, leveraged finance, and securities. Coleman currently serves on the Boards of Directors of Bluegrass Senior Living, Tempore Properties, and Campus Student Housing.
“Over the past five years, TRTX has built a specialized and established platform that is led by a team of seasoned lenders,” said Coleman. “As we enter TRTX’s next phase of growth, I look forward to working with the team to capitalize on opportunities that deliver differentiated, long-term value to our shareholders.”
TPG RE Finance Trust, Inc. 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. The Company 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. For more information regarding TRTX, visit https://www.tpgrefinance.com/
Forward Looking Statements
The information contained in this press release contains “forward‐looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to various risks and uncertainties, including, without limitation, statements relating to the performance of the investments of the Company; the ultimate geographic spread, severity and duration of pandemics such as the recent outbreak of novel coronavirus (“COVID-19”), actions that may be taken by governmental authorities to contain or address the impact of such pandemics, and the potential negative impacts of such pandemics on the global economy and the Company’s financial condition and results of operations; the Company’s ability to originate loans that are in the pipeline and under evaluation by the Company; and financing needs and arrangements. Forward‐looking statements are generally identifiable by use of forward‐looking terminology such as “may,” “will,” “should,” “potential,” “intend,” “expect,” “endeavor,” “seek,” “anticipate,” “estimate,” “believe,” “could,” “project,” “predict,” “continue” or other similar words or expressions. Forward-looking statements are based on certain assumptions, discuss future expectations, describe existing or future plans and strategies, contain projections of results of operations, liquidity and/or financial condition or state other forward‐looking information. Statements, among others, relating to the continuing impact of COVID-19 on the Company’s business, financial condition and results of operations and the Company’s ability to generate future growth and deliver returns are forward-looking statements, and the Company cannot assure you that TRTX will achieve such results. The ability of TRTX to predict future events or conditions or their impact or the actual effect of existing or future plans or strategies is inherently uncertain. Although the Company believes that such forward‐looking statements are based on reasonable assumptions, actual results and performance in the future could differ materially from those set forth in or implied by such forward‐looking statements. You are cautioned not to place undue reliance on these forward‐looking statements, which reflect the Company’s views only as of the date of this press release. Except as required by law, neither the Company nor any other person assumes responsibility for the accuracy and completeness of the forward‐looking statements appearing in this press release. The Company does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise.
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