NEW YORK--(BUSINESS WIRE)--
Ladder Capital Corp (“Ladder” or the “Company”) (NYSE:LADR) today
announced that Howard Park of GI Partners has resigned from its Board of
Directors, effective May 9, 2017.
Mr. Park commented, “GI Partners is proud to have been a part of
Ladder’s founding now nearly nine years ago. We’ve enjoyed an excellent
partnership with Ladder and are pleased to have helped the Company grow
into a leading public company focused on the commercial real estate
market. We remain a significant and supportive shareholder and wish the
Ladder team the best with their continued success.”
GI Partners, a private investment firm managing $14 billion in capital
commitments across private equity and real estate strategies, has been
an investor in Ladder since the Company’s inception in October 2008.
Brian Harris, Ladder’s Chief Executive Officer, commented, “On behalf of
Ladder and its Board of Directors, we thank Howard for his years of
service and are grateful to both Howard and GI Partners for their
contributions to Ladder’s development and continued growth.”
About Ladder
Ladder is an internally-managed real estate investment trust that is a
leader in commercial real estate finance. Ladder originates and invests
in a diverse portfolio of commercial real estate and real estate-related
assets, focusing on senior secured assets. Ladder’s investment
activities include: (i) direct origination of commercial real estate
first mortgage loans; (ii) investments in investment grade securities
secured by first mortgage loans on commercial real estate; and (iii)
investments in net leased and other commercial real estate equity.
Founded in 2008, Ladder is run by a highly experienced management team
with extensive expertise in all aspects of the commercial real estate
industry, including origination, credit, underwriting, structuring,
capital markets and asset management. Led by Brian Harris, the Company’s
Chief Executive Officer, Ladder is headquartered in New York City and
has branches in Los Angeles and Boca Raton.
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Ladder Capital Corp Investor Relations
917-369-3207
investor.relations@laddercapital.com
Source: Ladder Capital Corp