Related Fund Management acquired Ladder Capital for $15 per share.

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.