Capital Trust Announces Extension of CT Opportunity Partners I, LP Investment Period
NEW YORK, Dec. 15, 2011 /PRNewswire/ -- Capital Trust, Inc. (CT) today announced the extension of CT Opportunity Partners I, LP's investment period by nine months through September 13, 2012. CT Opportunity Partners I, LP is a private commercial real estate debt opportunity fund managed by CT Investment Management Co., LLC, Capital Trust's wholly-owned investment management subsidiary. CT Opportunity Partners I, LP has total equity commitments of $540 million from 24 institutional and individual investors. The fund has made $468 million of investments and has undrawn equity capital commitments of $260 million.
This news release contains certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including statements relating to future financial results and business prospects. The forward-looking statements contained in this news release are subject to certain risks and uncertainties including, but not limited to, the continued credit performance and recovery from the Company's retained balance sheet and transferred legacy assets, the success of the Company's efforts to raise additional capital and re-commence balance sheet investment activity, its asset/liability mix, the effectiveness of the Company's hedging strategy and the rate of repayment of the Company's portfolio assets and the impact of these events, conditions and uncertainties on the Company's cash flow, as well as other risks indicated from time to time in the Company's Form 10-K and Form 10-Q filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events or circumstances.
About Capital Trust
Capital Trust, Inc. is a fully integrated, self-managed real estate finance and investment management company that specializes in credit sensitive structured financial products. To date, the Company's investment programs have focused primarily on loans and securities backed by commercial real estate assets, investing both for its balance sheet and for third party vehicles. Capital Trust is a real estate investment trust traded on the New York Stock Exchange under the symbol "CT." The Company is headquartered in New York City.
SOURCE Capital Trust, Inc.