Sullivan Represents Tremont Mortgage Trust in Merger with RMR Mortgage Trust
Boston, MA – Sullivan announced today that it is representing Tremont Mortgage Trust (Nasdaq: TRMT), a real estate finance company that focuses on originating and investing in floating rate first mortgage whole loans secured by middle market and transitional commercial real estate, in its merger with RMR Mortgage Trust (Nasdaq: RMRM). The merger is expected to create a more diversified commercial mortgage real estate investment trust, or REIT, focused on middle-market transitional bridge loans with assets expected to approach $1 billion when fully invested.
The merger is expected to close during the third quarter of 2021, subject to the requisite approvals by RMRM and TRMT shareholders and other customary closing conditions.
Complete details of the deal are available in the company’s press release here.
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