Tremont Mortgage Trust

General Information
Business:

We are a real estate finance company that plans to focus primarily on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate, or CRE. We define middle market CRE as commercial properties that have values up to $75.0 million and transitional CRE as commercial properties subject to redevelopment or repositioning activities that are expected to increase the value of the properties. We believe that focusing on middle market and transitional CRE will provide us with opportunities to achieve higher returns relative to first mortgage loans secured by properties that have values greater than $75.0 million or stabilized properties.

Industry: REAL ESTATE INVESTMENT TRUSTS
Employees: 0
Founded: 2017
Contact Information
Address Two Newton Place, 255 Washington Street, Suite 300, Newton, MA, 02458-1634, US
Phone Number (617) 796-8317
Web Address
View Prospectus: Tremont Mortgage Trust
Financial Information
Market Cap $62.0mil
Revenues $0 mil (last 12 months)
Net Income $0 mil (last 12 months)
IPO Profile
Symbol TRMT
Exchange NASDAQ
Shares (millions): 2.5
Price range $20.00 - $20.00
Est. $ Volume $50.0 mil
Manager / Joint Managers UBS Investment Bank/ Citigroup/ RBC Capital Markets
CO-Managers BB&T Capital Markets/ FBR (a B. Riley Financial Company)/ Janney Montgomery Scott/ Oppenheimer & Co.
Expected To Trade: 9/14/2017
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change