Claros Mortgage Trust, Inc. Announces Resignation of Kevin Cullinan as Executive Vice President?Originations, Effective May 8, 2024
April 22, 2024 at 04:32 pm EDT
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Claros Mortgage Trust, Inc. announced that on April 22, 2024, Kevin Cullinan notified the company of his decision to resign as Executive Vice President?Originations of the Company, effective as of May 8, 2024. Mr. Cullinan?s resignation is not due to any dispute or disagreement with the Company on any matter relating to the Company?s operations, policies or practices.
Claros Mortgage Trust, Inc. is a real estate investment trust. The Company is focused primarily on originating senior and subordinate loans on transitional commercial real estate (CRE) assets located in markets across the United Sates. Its objective is to provide debt capital for transitional CRE assets and, in doing so, to generate risk-adjusted returns for its stockholders. It seeks primarily to originate, co-originate and acquire senior and subordinate loans on transitional CRE assets located in the United States markets and generally intend to hold its loans to maturity. In addition to its primary focus on the United States markets, it also seeks to originate senior and subordinate loans on transitional CRE assets located in other markets. It also focuses on mortgage loans secured by a first priority or subordinate mortgage on transitional CRE assets, and subordinate loans, including mezzanine loans. The Company is externally managed and advised by Claros REIT Management LP.