Ladder Announces the Resignation of Howard Park from Board of Directors
May 12 2017 - 4:15PM
Business Wire
Ladder Capital Corp (“Ladder” or the “Company”) (NYSE:LADR)
today announced that Howard Park of GI Partners has resigned from
its Board of Directors, effective May 9, 2017.
Mr. Park commented, “GI Partners is proud to have been a part of
Ladder’s founding now nearly nine years ago. We’ve enjoyed an
excellent partnership with Ladder and are pleased to have helped
the Company grow into a leading public company focused on the
commercial real estate market. We remain a significant and
supportive shareholder and wish the Ladder team the best with their
continued success.”
GI Partners, a private investment firm managing $14 billion in
capital commitments across private equity and real estate
strategies, has been an investor in Ladder since the Company’s
inception in October 2008.
Brian Harris, Ladder’s Chief Executive Officer, commented, “On
behalf of Ladder and its Board of Directors, we thank Howard for
his years of service and are grateful to both Howard and GI
Partners for their contributions to Ladder’s development and
continued growth.”
About Ladder
Ladder is an internally-managed real estate investment trust
that is a leader in commercial real estate finance. Ladder
originates and invests in a diverse portfolio of commercial real
estate and real estate-related assets, focusing on senior secured
assets. Ladder’s investment activities include: (i) direct
origination of commercial real estate first mortgage loans; (ii)
investments in investment grade securities secured by first
mortgage loans on commercial real estate; and (iii) investments in
net leased and other commercial real estate equity. Founded in
2008, Ladder is run by a highly experienced management team with
extensive expertise in all aspects of the commercial real estate
industry, including origination, credit, underwriting, structuring,
capital markets and asset management. Led by Brian Harris, the
Company’s Chief Executive Officer, Ladder is headquartered in New
York City and has branches in Los Angeles and Boca Raton.
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