Announced
Financials
Tags
real estate investment
Pending
Friendly
Public
real asset investment management
Acquisition
commercial real estate
Single Bidder
Commercial REITs
United States
Private Equity
Synopsis
Ladder Capital Corp and Related Companies jointly announced that Related has made a strategic investment in Ladder. Related purchased $80m of Ladder stock from certain pre-IPO shareholders of Ladder, including affiliates of TowerBrook Capital Partners and GI Partners. In connection with the investment, Ladder has granted Related a right of first offer with respect to certain horizontal risk retention investments in which Ladder intends to retain an interest. The investment was made by Related Real Estate Fund II, an opportunity fund, with equity commitments of over $1bn.
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