Sunrise Manager LLC
Manager, beneficially owned in part by Mr. Tannenbaum, Mrs. Tannenbaum, Mr. Sedrish, Mr. Hetzel and Mr. Katz
Approximately $2.1 million
2025
Base Management Fee payable to our Manager under the Management Agreement
Sunrise Manager LLC
Manager, beneficially owned in part by Mr. Tannenbaum, Mrs. Tannenbaum, Mr. Sedrish, Mr. Hetzel and Mr. Katz
Approximately $0.4 million
2025
Incentive Compensation payable to our Manager under the Management Agreement
Sunrise Manager LLC
Manager, beneficially owned in part by Mr. Tannenbaum, Mrs. Tannenbaum, Mr. Sedrish, Mr. Hetzel and Mr. Katz
Approximately $2.5 million
2025
Reimbursement of out-of-pocket costs incurred by our Manager on our behalf
Sunrise Manager LLC
Manager, beneficially owned in part by Mr. Tannenbaum, Mrs. Tannenbaum, Mr. Sedrish, Mr. Hetzel and Mr. Katz
Termination Fee payable to our Manager upon termination of the Management Agreement under certain circumstances
Sunrise Manager LLC
Manager, beneficially owned in part by Mr. Tannenbaum, Mrs. Tannenbaum, Mr. Sedrish, Mr. Hetzel and Mr. Katz
Base Management Fees waived were $0.6 million and Incentive Fees waived were $0.5 million
2025
Manager waived management fees under the Management Agreement
TCG Services LLC
affiliate of our Manager and of Mr. Tannenbaum, our Executive Chairman, and Mrs. Tannenbaum, our President
Administrative Services Agreement under which TCG Services provides personnel, office facilities and administrative services
With Sunrise Manager LLC
Open in proxy
SRT Group LLC
affiliate of the Manager, Mr. Tannenbaum, Mrs. Tannenbaum, Mr. Sedrish, Mr. Hetzel and Mr. Katz
Services Agreement under which SRT Group provides investment personnel to us
With Sunrise Manager LLC
Open in proxy
Purchase of common stock in the January 2025 Offering
Diamond Foundation Title LLC
title agent company in which certain directors and officers of the Company and its affiliates hold a minority ownership
Title agency services provided by Diamond Foundation; the Company has not incurred any expense
With Diamond Foundation Title LLC
Open in proxy
SRT Finance LLC
indirectly owned by Leonard M. Tannenbaum, Executive Chairman, and Robyn Tannenbaum, President, with family members and family trusts
$75.0 million commitment
2024
SRTF revolving credit facility under which SRT Finance LLC is agent and lender
SRT
fund led by Mr. Sedrish, our Chief Executive Officer, and Mr. Tannenbaum, our Executive Chairman
$41.0 million
January 2025
Note-on-note financing for acquisition of a senior secured mortgage loan secured by property in Aventura, Florida; we committed $30.8 million and SRT committed $10.3 million
SRT
fund led by Mr. Sedrish, our Chief Executive Officer, and Mr. Tannenbaum, our Executive Chairman
$74.5 million
January 2025
Senior secured construction loan for a build-to-suit project in New Orleans, Louisiana, co-invested with affiliated co-investors
affiliated co-lender owned by Mr. Tannenbaum
affiliated co-lender owned by Mr. Tannenbaum, our Executive Chairman
$10.6 million of the senior term loan and $9.4 million of the home construction revolver
March 2025
Assignment and assumption agreement under which we purchased loan commitments in a Palm Beach Gardens, Florida property
With affiliated co-lender
Open in proxy
SRT
fund led by Mr. Sedrish, our Chief Executive Officer, and Mr. Tannenbaum, our Executive Chairman
Senior secured refinance loan for a multi-family residential development in Dallas, Texas; we committed approximately $46.5 million
SRT
fund led by Mr. Sedrish, our Chief Executive Officer, and Mr. Tannenbaum, our Executive Chairman
Subordinate loan for construction of a mixed-use property in Miami, Florida; we committed approximately $26.3 million
SRT
fund led by Mr. Sedrish, our Chief Executive Officer, and Mr. Tannenbaum, our Executive Chairman
Senior loan for construction of a multi-family residential property in Park City, Utah; we committed $9.25 million
SRT
fund led by Mr. Sedrish, our Chief Executive Officer, and Mr. Tannenbaum, our Executive Chairman
$60.0 million
September 2025
Senior first mortgage loan for construction of a multifamily residential property in Miami, Florida, co-invested with affiliates; we committed $35.0 million
SRT
fund led by Mr. Sedrish, our Chief Executive Officer, and Mr. Tannenbaum, our Executive Chairman
Aggregate commitment of $36.6 million
October 2025
Two senior secured industrial loans (Doral Loan and West Palm Beach Loan) with the same developer
With same commercial real estate developer
Open in proxy
SRT
fund led by Mr. Sedrish, our Chief Executive Officer, and Mr. Tannenbaum, our Executive Chairman
$45.0 million
October 2025
Senior bridge loan to refinance a retail property in Houston, Texas; we committed $30.0 million
SRT
affiliate co-lender on the San Antonio Loan, a co-investment with SRT
San Antonio Loan co-investment; default and foreclosure, followed by formation of a joint venture with the affiliate co-lender (Company owns 65.0%) that acquired the hotel property in March 2026
With joint venture with affiliate co-lender
Open in proxy
SRT
fund led by Mr. Sedrish, our Chief Executive Officer, and Mr. Tannenbaum, our Executive Chairman
$21.6 million
January 2026
Senior bridge loan to finance acquisition of a ranch in Colorado, entered and exited in January 2026; we committed $14.0 million
SRT
fund led by Mr. Sedrish, our Chief Executive Officer, and Mr. Tannenbaum, our Executive Chairman
$69.3 million
February 2026
Subordinate B-note secured by a portfolio of hotel properties; we committed approximately $48.3 million
TCG RE Agent LLC
Mr. Tannenbaum, Mrs. Tannenbaum, and Mr. Sedrish each have indirect ownership of TCG RE Agent
Administrative and collateral agent services to lenders under our credit facilities; we pay no consideration for its services
