Claros Mortgage Trust, Inc. (CMTG)

They are a 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. They believe their Sponsor’s real estate development, ownership and operations experience and infrastructure differentiates them in lending on these transitional CRE assets. Their 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 their stockholders over time, primarily through dividends. They strive to create a diversified investment portfolio of CRE loans that they generally intend to hold to maturity. Upon completion of this offering, they expect to be one of the largest public commercial mortgage real estate investment trusts in the U.S., based on total stockholders’ equity. From their inception in August 2015 through June 30, 2021, they 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.

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