Claros Mortgage Trust, Inc. (CMTG)
Company Description
Claros Mortgage Trust is a commercial real estate (CRE) finance company focused primarily on originating senior and subordinate loans on transitional CRE assets located in major U.S. markets.
Transitional CRE assets are properties that require repositioning, renovation, rehabilitation, leasing, development or redevelopment or other value-added elements in order to maximize value.
Our objective is to be a premier provider of debt capital for transitional CRE assets and, in doing so, to generate attractive risk-adjusted returns for our stockholders over time, primarily through dividends.
We strive to create a diversified investment portfolio of CRE loans that we generally intend to hold to maturity. Upon completion of this offering, we expect to be one of the largest public commercial mortgage real estate investment trusts in the U.S., based on total stockholders’ equity.
From our inception in August 2015 through June 30, 2021, we have raised approximately $2.6 billion of equity capital and originated, co-originated or acquired 86 investments consisting of 131 loans on transitional CRE assets with aggregate loan commitments of approximately $11.5 billion.
| Country | United States |
| Founded | 2015 |
| IPO Date | Nov 3, 2021 |
| Industry | REIT-Mortgage |
| Sector | Real Estate |
| CEO | Richard Mack |
Contact Details
Address: 60 Columbus Circle, 20th Floor New York, NY 10023 United States | |
| Phone | (212) 484-0050 |
| Website | clarosmortgage.com |
Stock Details
| Ticker Symbol | CMTG |
| Exchange | NYSE |
| Fiscal Year | January - December |
| Reporting Currency | US Dollars |
| IPO Price | $18.65 |
| CIK Code | 1666291 |
Key Executives
| Name | Position |
|---|---|
| Richard Mack | Chief Executive Officer and Chairman |
| Michael McGillis | President, Chief Financial Officer and Director |
| Kevin Cullinan | Vice President |
| Priyanka Garg | Vice President |
| Steven Richman | Director |
| Andrew Silberstein | Director |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Nov 12, 2021 | 3 | Initial statement of beneficial ownership of securities |
| Nov 9, 2021 | 4 | Statement of changes in beneficial ownership of securities |
| Nov 9, 2021 | 4 | Statement of changes in beneficial ownership of securities |
| Nov 9, 2021 | 4 | Statement of changes in beneficial ownership of securities |
| Nov 9, 2021 | 4 | Statement of changes in beneficial ownership of securities |
| Nov 9, 2021 | 4 | Statement of changes in beneficial ownership of securities |
| Nov 9, 2021 | 4 | Statement of changes in beneficial ownership of securities |
| Nov 5, 2021 | 8-K | Current report |
| Nov 5, 2021 | 4 | Statement of changes in beneficial ownership of securities |
| Nov 4, 2021 | 424B4 | Prospectus [Rule 424(b)(4)] |
| View All SEC Filings | ||