Announced
Completed
Financials
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Tags
United States
mortgage reit
Other Specialty REITs
Acquisition
Majority
Private
Private Equity
Domestic
Friendly
Later Bidder Won
Completed
Synopsis
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.
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