New York Mortgage Trust, Inc. Announces Election of Gena Cheng to Board of Directors
June 07 2022 - 4:27PM
New York Mortgage Trust, Inc. (the “Company”) (NASDAQ: NYMT) today
announced that Gena Cheng has been elected to its Board
of Directors (the “Board”). Ms. Cheng was elected as a new director
at the Company's 2022 Annual Meeting of Stockholders held on June
6, 2022.
“We’re excited to welcome Gena Cheng to NYMT’s
Board of Directors,” said Steven Mumma, the Company’s Executive
Chairman. “Gena's vast experience in real estate financing,
investor relations and operations make her a strong addition to our
Board.” Steven Norcutt, Lead Independent Director, added “We are
fortunate to have Gena join the Board. Her fresh and independent
perspective informed by her significant experience in the real
estate industry will benefit the Board.”
Ms. Cheng is Managing Principal of Prospect
Avenue Partners, an advisory firm providing outsourced product
development, investor relations and capital raising services for
real estate investments. Named to PERE’s list of 30 Capital Raisers
Who Can Make a Difference, Ms. Cheng has over 20 years of
experience in the real estate industry, including investments,
portfolio management, fundraising and investor relations. Prior to
launching Prospect Avenue Partners, Ms. Cheng served in a variety
of management, strategy, product development and capital raising
roles at USAA Real Estate Company, Forum Partners and JT Partners.
Earlier in her career, Ms. Cheng was a senior portfolio manager at
APG Asset Management, the Dutch pension fund, where she helped
invest and manage the capital of one of the largest institutional
real estate investment platforms in the world, focusing on North
American investments. Ms. Cheng began her career in real estate
consulting and investment banking at Arthur Andersen and Morgan
Stanley, respectively.
The Company’s Board is now comprised of seven
directors, five of whom are independent, with women making up 60%
of independent directors and 43% of the full Board.
About New York Mortgage
Trust
New York Mortgage Trust, Inc. is a Maryland
corporation that has elected to be taxed as a real estate
investment trust (“REIT”) for federal income tax purposes. NYMT is
an internally managed REIT in the business of acquiring, investing
in, financing and managing primarily mortgage-related single-family
and multi-family residential assets, including joint venture equity
investments in multi-family apartment communities.
For Further Information
AT THE
COMPANY Investor
RelationsPhone: 212-792-0107Email:
InvestorRelations@nymtrust.com
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