Terra Property Trust to Merge and Takeover Western Asset Mortgage Capital Corporation
Posted on 06/28/2023
Terra Property Trust, Inc. (TPT), an externally managed real estate investment trust (“REIT”) that originates, invests in, and manages loans and assets secured by commercial real estate, agreed to acquire and merge Western Asset Mortgage Capital Corporation (NYSE: WMC), an externally managed REIT that invests in, finances, and manages a portfolio of real estate-related securities,…
