TPG RE Finance Trust ^{Priced, NYSE: TRTX}

We are a commercial real estate finance company sponsored by TPG. We directly originate, acquire and manage commercial mortgage loans and other commercial real estate-related debt instruments for our balance sheet. Our objective is to provide attractive risk-adjusted returns to our stockholders over time through cash distributions and capital appreciation. To meet our objective, we focus primarily on directly originating and selectively acquiring floating rate first mortgage loans that are secured by high quality commercial real estate properties undergoing some form of transition and value creation, such as retenanting, refurbishment or other form of repositioning. The collateral underlying our loans is located in primary and select secondary markets in the U.S. that we believe have attractive economic conditions and commercial real estate fundamentals. Borrowers seek transitional loans for the purpose of maximizing property value through retenanting, refurbishment or otherwise repositioning the asset to increase long-term operating cash flow, in many cases prior to encumbering the asset with longer term, typically fixed rate, financing upon asset stabilization.