TPG RE Finance Trust, Inc.: management transactions · United States · SEC (Form 4)

About TPG RE Finance Trust, Inc.

TPG RE Finance Trust, Inc. (NYSE: TRTX) is a U.S.-based commercial real estate finance company listed on the NYSE in the United States. The business was established by TPG in late 2014 and was taken public in July 2017, giving it a long-standing sponsor-backed platform in the commercial real estate credit market. Its principal executive offices are located at 888 Seventh Avenue, 35th Floor, New York, New York 10106. ([tpg.com](https://www.tpg.com/platforms/real-estate/tpg-re-finance-trust)) TRTX operates as a commercial real estate finance REIT and focuses primarily on originating, acquiring, and managing commercial real estate-related credit assets. Its core portfolio is concentrated in first mortgage loans and senior participation interests in first mortgage loans secured by institutional-quality properties in primary and select secondary U.S. markets. In practical terms, the company is not a traditional property owner; it is a lender and credit investor whose economics depend on underwriting quality, loan structure, asset coverage, and disciplined risk management across the commercial property cycle. ([s23.q4cdn.com](https://s23.q4cdn.com/311307479/files/doc_financials/2024/q4/TRTX-2024-12-31-10K_Filed.pdf)) From a competitive standpoint, TRTX benefits from its relationship with TPG and with TPG Real Estate, the firm’s real estate platform. The latest annual report states that TPG is a major global alternative asset manager with $246 billion of assets under management as of December 31, 2024, and that TPG Real Estate managed more than $17.6 billion of real estate and real estate-related assets at that date. That sponsor franchise supports origination, sourcing, structuring, and portfolio oversight, which are key differentiators in the specialty CRE lending space. ([s23.q4cdn.com](https://s23.q4cdn.com/311307479/files/doc_financials/2024/q4/TRTX-2024-12-31-10K_Filed.pdf)) The company’s main products and services include commercial mortgage loans, pari passu participations, and other commercial real estate debt instruments such as subordinate mortgage interests, mezzanine loans, secured real estate securities, note financing, and preferred equity. TRTX typically targets properties undergoing transition or value creation, such as retenanting, refurbishment, or repositioning, and often favors floating-rate structures. This places the company in a niche that can offer attractive spreads, but also exposes it to credit and refinancing risk if property markets weaken. ([s23.q4cdn.com](https://s23.q4cdn.com/311307479/files/doc_financials/2024/q4/TRTX-2024-12-31-10K_Filed.pdf)) Geographically, the business is U.S.-focused, with assets secured by properties in selected U.S. primary and secondary markets. Organizationally, TPG Real Estate’s teams work across New York, San Francisco, and London, with representative offices in Atlanta and Chicago, underscoring the broader platform reach behind TRTX’s origination and management capabilities. ([s23.q4cdn.com](https://s23.q4cdn.com/311307479/files/doc_financials/2024/q4/TRTX-2024-12-31-10K_Filed.pdf)) Recent company disclosures show that TRTX continued to report operating results through early 2026, including its fourth-quarter and full-year 2025 results released on February 17, 2026. For investors following SEC Form 4 insider transactions, the filing flow remains relevant because it provides a real-time window into insider alignment and ownership changes around the listed vehicle. ([sec.gov](https://www.sec.gov/Archives/edgar/data/0001630472/000163047226000005/trtx-20260217exhibit991.htm))