Angelo Gordon-backed AG Mortgage Investment Trust completed the acquisition of Franklin Resources-backed Western Asset Mortgage Capital in a $300m deal.

Angelo Gordon-backed AG Mortgage Investment Trust, a real estate investment trust, completed the acquisition of Franklin Resources-backed Western Asset Mortgage Capital, an externally managed REIT that invests in, finances, and manages a portfolio of real estate-related securities, for $300m. “The completion of the WMC acquisition marks a significant milestone for MITT in achieving its growth and scale initiatives. We are confident that we will maximize the synergies inherent in this transaction to deliver long-term risk adjusted returns to our stockholders,” TJ Durkin, AG Mortgage Investment CEO.