Core Viewpoint - Sunrise Realty Trust, Inc. has committed $44.0 million to a $74.5 million senior loan for the construction of Shell Plaza in New Orleans, which will serve as the regional headquarters for Shell USA Inc. [1] Group 1: Project Details - Shell Plaza will be an 8-story building with 117,941 square feet of Class-A office space and 6,407 square feet of retail space, expected to be completed by September 2026 [2] - The project is located on a 1.6-acre site adjacent to the Ernest N. Morial Exhibition Hall, offering views of the Mississippi River and access to downtown and residential neighborhoods [3] Group 2: Company Background - Sunrise Realty Trust, Inc. is an institutional commercial real estate lender focused on transitional CRE projects in the Southern United States, providing flexible financing solutions [5] - TCG Real Estate consists of affiliated CRE-focused debt funds, including Sunrise Realty Trust, which targets top-tier assets in primary and secondary metropolitan areas of the Southern U.S. [6] Group 3: Strategic Importance - The project reflects a demand for modern workspaces with wellness amenities and high-quality technology infrastructure, combining New Orleans' culture with professional sophistication [4]

Core Insights - Sunrise Realty Trust, Inc. has appointed Alfred Trivilino as Managing Director on the Tannenbaum Capital Group | Real Estate platform, focusing on sourcing, underwriting, and structuring deals for the SUNS portfolio [1][3] - Mr. Trivilino brings over three decades of experience in real estate credit and private equity, previously serving as Managing Director and Head of U.S. Real Estate Finance at CDPQ [2] - The appointment is part of the company's strategy to build a world-class investment team and expand its platform for strong outcomes for clients and stakeholders [3] Company Overview - Sunrise Realty Trust, Inc. (NASDAQ:SUNS) is an institutional commercial real estate lender providing flexible financing solutions for CRE projects in the Southern United States [3] - The company focuses on transitional CRE business plans with potential for near-term value creation, collateralized by top-tier assets in established and rapidly expanding Southern markets [3] Tannenbaum Capital Group Overview - Tannenbaum Capital Group | Real Estate includes a group of affiliated CRE-focused debt funds, such as Sunrise Realty Trust, Inc. and Southern Realty Trust, Inc. [4] - The funds provide flexible financing on transitional CRE properties that present opportunities for near-term value creation, focusing on top-tier CRE assets in primary and secondary metropolitan areas of the Southern U.S. [4]

Core Insights - Sunrise Realty Trust, Inc. has appointed Alfred Trivilino as Managing Director on the Tannenbaum Capital Group | Real Estate platform, focusing on sourcing, underwriting, and structuring deals for the SUNS portfolio [1][3] - Mr. Trivilino brings over three decades of experience in real estate credit and private equity, previously serving as Managing Director and Head of U.S. Real Estate Finance at CDPQ [2] - The appointment is part of the company's strategy to build a world-class investment team and expand its platform for strong outcomes for clients and stakeholders [3] Company Overview - Sunrise Realty Trust, Inc. is an institutional commercial real estate lender providing flexible financing solutions for CRE projects in the Southern United States [3] - The company focuses on transitional CRE business plans with potential for near-term value creation, backed by top-tier assets in established and rapidly expanding Southern markets [3] Tannenbaum Capital Group | Real Estate - Tannenbaum Capital Group | Real Estate includes affiliated CRE-focused debt funds, such as Sunrise Realty Trust, Inc. and Southern Realty Trust, Inc. [4] - The funds aim to provide flexible financing on transitional CRE properties that present near-term value creation opportunities, focusing on top-tier assets in primary and secondary metropolitan areas of the Southern U.S. [4]

Core Viewpoint - Southern Realty Trust Inc. has successfully closed a senior secured revolving credit facility with East West Bank, initially committing $50 million and expandable to $200 million, aimed at supporting its commercial real estate strategies and general corporate purposes [1][2][3]. Group 1: Credit Facility Details - The credit facility is structured as a three-year agreement maturing in January 2028, featuring an interest rate of SOFR plus 2.75%, with a SOFR floor of 2.63% [2]. - The facility enhances the company's financial flexibility, allowing it to pursue strategic initiatives and accelerate investments in high-quality commercial real estate projects across the Southern U.S. [2][3]. Group 2: Company Strategy and Goals - The CEO of Southern Realty Trust Inc. emphasized that the credit facility represents a significant milestone, enabling the company to capitalize on high-quality investment opportunities and build a resilient, high-performing portfolio for long-term value creation [3]. - Southern Realty Trust Inc. was established in 2023 to focus on originating commercial real estate debt investments in the Southern U.S., targeting first mortgages, B-notes, mezzanine loans, and debt-like preferred securities across various asset classes [3]. Group 3: Parent Company Overview - Southern Realty Trust Inc. is part of TCG Real Estate, which includes affiliated CRE-focused debt funds, such as the Nasdaq-listed Sunrise Realty Trust, Inc. and private mortgage REITs [4]. - TCG Real Estate aims to provide flexible financing for transitional commercial real estate properties that offer near-term value creation opportunities, focusing on top-tier assets in major metropolitan areas of the Southern U.S. [4].

Core Viewpoint - Sunrise Realty Trust, Inc. has committed $30.8 million to a $41.0 million bridge loan aimed at repaying an existing senior mortgage on a mixed-use property in Miami, which includes senior living, medical office, and retail components [1][4] Company Overview - Sunrise Realty Trust, Inc. is an institutional commercial real estate lender focusing on transitional CRE projects in the Southern United States, with an emphasis on near-term value creation [5] - TCG Real Estate is a group of affiliated CRE-focused debt funds, including Sunrise Realty Trust, providing flexible financing on transitional properties [6] - Dornin Investment Group is a fully integrated real estate investment firm specializing in distressed and opportunistic investments across various property types [7][8] Project Details - The mixed-use property features a 4-story medical office building and a 10-story senior living tower, with significant pre-sales and leasing activity [2][3] - The medical office building includes 25,244 square feet of medical office condos, with 37 of 39 units pre-sold, while the senior living tower has 163 units, with 36 units pre-leased [2][3] - On-site amenities for the senior living tower include a fitness center, pool, dining options, and various recreational facilities, catering to the unmet demand for medical care housing in Southern Florida [3] Investment Rationale - The investment is seen as an opportunity to leverage the expertise of a skilled operator and capitalize on robust pre-sales, with a focus on de-risking the transaction through thorough diligence and innovative structuring [4]

Core Viewpoint - Sunrise Realty Trust, Inc. has committed $30.8 million to a $41.0 million bridge loan aimed at repaying an existing senior mortgage on a mixed-use property in Miami, which includes senior living, medical office, and retail components [1][4] Group 1: Investment Details - The bridge loan consists of $30.8 million from Sunrise Realty Trust and $10.3 million from an affiliate of TCG Real Estate [1] - The property features a 4-story medical office building and a 10-story senior living tower, with significant pre-sales and leasing activity [2][3] - The medical office building includes 6,411 square feet of retail and 25,244 square feet of medical office condos, with 37 of 39 units pre-sold [2] - The senior living tower has 163 units across seven floors, with 36 units pre-leased [3] Group 2: Market Position and Demand - The property is located in a medical epicenter of Southern Florida, addressing significant unmet demand for medical care housing [3] - The investment is characterized by robust pre-sales and a specialized operator, indicating a strong potential for value creation [4] Group 3: Company Background - Sunrise Realty Trust, Inc. is an institutional commercial real estate lender focusing on transitional projects in the Southern United States [5] - TCG Real Estate is affiliated with Sunrise Realty Trust and provides flexible financing solutions for transitional commercial real estate properties [6] - Dornin Investment Group specializes in distressed and opportunistic investments, with a track record of over $725 million in non-performing loan investments [1][7][8]

WEST PALM BEACH, Fla., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. ("SUNS" or the "Company") (NASDAQ:SUNS), an institutional lender that originates and funds loans to commercial real estate projects in the Southern U.S., announced the pricing on January 27, 2025, of its upsized underwritten public offering (the "Offering") of 5,750,000 shares of its common stock at a public offering price of $12.00 per share. SUNS has granted the underwriters of the Offering a 30-day option to purchase up t ...

WEST PALM BEACH, Fla., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. ("Sunrise Realty" or "the Company") (NASDAQ:SUNS), an institutional lender that originates and funds loans to commercial real estate projects in the Southern United States, today announced that it has launched an underwritten public offering (the "Offering") of 5,500,000 shares of its common stock. Sunrise Realty intends to grant the underwriters of the Offering a 30-day option to purchase up to an additional 825,000 shares ...

WEST PALM BEACH, Fla., Dec. 13, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”) today announced that it has committed $32.0 million, of which the Company funded $29.9 million, to a $57.0 million senior loan originated by an affiliate on the TCG Real Estate platform. This loan is for the refinancing of The Loren at Lady Bird Lake (the “Project” or “The Loren”), a luxury boutique hotel located in Austin, Texas. The Sponsor is The Loren Group, a leading real estate ...

WEST PALM BEACH, Fla., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”) today announced that it has committed $13.0 million to a $26.0 million subordinate loan for the development of the Excel Miami Apartments (“Excel” or the “Project”), a 24-story multifamily tower located at 1550 NE Miami Place in Miami’s Art & Entertainment District. An affiliated entity committed the remaining $13.0 million of the total loan amount. Centennial Bank provided a $68.5 mi ...