TPG Real Estate Finance Trust Inc, the real estate platform of TPG, has named Peter Smith as managing director and head of originations. Previously, Smith worked at Ladder Capital Corp where he served as managing director. His appointment begins in late November.
FORT WORTH, Texas & SAN FRANCISCO–(BUSINESS WIRE)–TPG Real Estate Finance Trust, Inc. (“TRT”), the real estate debt origination and acquisition platform of global alternative asset firm TPG, today announced that Peter Smith will join as Managing Director and Head of Originations. Smith most recently served as Managing Director at Ladder Capital Corp. (NYSE: LADR). Smith will start at TRT in late November and will be based in the firm’s New York office.
“Peter is an accomplished investor with an extensive relationship network and a unique knowledge of the real estate and debt sectors, making him a highly talented, valuable addition to our team,” said Greta Guggenheim, Chief Executive Officer of TRT. “I have enjoyed knowing and working with Peter and look forward to the opportunity to work with him again.”
Smith brings to TRT more than 25 years of commercial real estate lending experience, having previously held senior positions with Credit Suisse, UBS, and Heller Financial. His experience in the debt sector spans transitional loans, mezzanine loans, long-term fixed rate loans, loan portfolio acquisitions, and workouts and restructurings. Smith earned his BBA in accounting from the University of Michigan.
“TPG has earned an industry-leading reputation as an investor with deep expertise across a variety of industries and asset classes. It’s an exciting time to join TRT and I look forward to helping build upon its momentum,” said Smith.
Smith’s appointment is the latest key addition to TRT’s leadership team, which is headed by Greta Guggenheim, who joined as CEO in January 2016. TRT originates first mortgage loans secured by properties undergoing value-creating transformations involving re-leasing, repositioning, renovation, and occasionally construction.
About TPG Real Estate
TPG Real Estate (“TPGRE”) is the real estate platform of TPG, a leading global private investment firm with over $70 billion of assets under management and 18 offices around the world. TPGRE includes TPG Real Estate Partners, its equity investment platform, and TPG Real Estate Finance Trust, its debt origination and acquisition platform. Collectively, the two platforms manage assets in excess of $7 billion. TPG Real Estate Partners has invested or committed to invest approximately $3.7 billion of equity in North America and Europe since 2009 and focuses primarily on investments in property-rich platforms and companies. TPG Real Estate Partners leverages the full resources of TPG in its value-added approach to investing to optimize property performance and enhance platform capabilities. TPG Real Estate Finance Trust manages an approximately $3.2 billion commercial real estate loan portfolio, and originates and acquires senior real estate loans across a broad spectrum of asset classes in North America. For more information please visit www.tpg.com.