AG Mortgage Investment Trust completed the acquisition of a 21.4% stake in Arc Home from TPG Angelo Gordon for $13.94m.

AG Mortgage Investment Trust, a real estate investment trust, completed the acquisition of a 21.4% stake in Arc Home, a wholesale mortgage brokers and correspondent lender from TPG Angelo Gordon, a diversified credit and real estate investing platform, for $13.94m. “We are also excited to announce a strategic transaction in which we acquired an additional 21.4% of Arc Home. Looking ahead, we see strong earnings accretion potential from this transaction as we continue to position MITT as a leading, vertically integrated platform in the residential mortgage space. We remain committed to disciplined risk management and enhancing long-term value for our shareholders,” T.J. Durkin, AG Mortgage Investment Trust Chief Executive Officer and President.