AcquisitionAug 10, 2026Pending
🇺🇸 United States
CHCherry Hill Mortgage Investment CorporationTMTPG Mortgage Investment Trust, Inc.
Real Estate › REITs
Equity value$118MEquity value
AnnouncedAug 10, 2026
ConsiderationCash and stock
StructureOne-step merger
RegionNorth America
Cross-borderNo
Contingent paymentNo
Overview
TPG Mortgage Investment Trust agreed to acquire Cherry Hill Mortgage Investment Corporation in a merger in which CHMI common holders receive 0.3063 MITT shares plus $0.93 in cash per share. CHMI preferred stock converts into equivalent newly issued MITT preferred stock.
Deal rationale
The combination is intended to increase the scale of MITT's residential mortgage REIT platform, deliver operational efficiencies of roughly $7 to $9 million annually, and be accretive to earnings within a year of closing.
AI-generated from the SEC filingPendingReal Estate › REITsUnited StatesNorth America
Timeline
Valuation and terms
| Equity value | $118M | Headline figure |
|---|---|---|
| Enterprise value | Undisclosed | |
| Consideration | Cash and stock |
Advisors
Buy-side
PSPiper Sandler
Sell-side
None listed
Parties
Target
CHCherry Hill Mortgage Investment Corporation
- Headquarters
- United States
- Ticker
- CHMI