Core Viewpoint - Sunrise Realty Trust, Inc. has committed $30.8 million to a $41.0 million bridge loan aimed at repaying an existing senior mortgage on a mixed-use property in Miami, which includes senior living, medical office, and retail components [1][4] Group 1: Investment Details - The bridge loan consists of $30.8 million from Sunrise Realty Trust and $10.3 million from an affiliate of TCG Real Estate [1] - The property features a 4-story medical office building and a 10-story senior living tower, with significant pre-sales and leasing activity [2][3] - The medical office building includes 6,411 square feet of retail and 25,244 square feet of medical office condos, with 37 of 39 units pre-sold [2] - The senior living tower has 163 units across seven floors, with 36 units pre-leased [3] Group 2: Market Position and Demand - The property is located in a medical epicenter of Southern Florida, addressing significant unmet demand for medical care housing [3] - The investment is characterized by robust pre-sales and a specialized operator, indicating a strong potential for value creation [4] Group 3: Company Background - Sunrise Realty Trust, Inc. is an institutional commercial real estate lender focusing on transitional projects in the Southern United States [5] - TCG Real Estate is affiliated with Sunrise Realty Trust and provides flexible financing solutions for transitional commercial real estate properties [6] - Dornin Investment Group specializes in distressed and opportunistic investments, with a track record of over $725 million in non-performing loan investments [1][7][8]

Core Viewpoint - Sunrise Realty Trust, Inc. has announced an upsized public offering of 5,750,000 shares at a price of $12.00 per share, aiming to raise approximately $69 million in gross proceeds to fund loans and for general corporate purposes [1][2]. Group 1: Offering Details - The public offering price is set at $12.00 per share, with a total of 5,750,000 shares being offered [1]. - The underwriters have a 30-day option to purchase an additional 862,500 shares [1]. - The offering is expected to close on or about January 29, 2025, pending customary closing conditions [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be used to fund loans related to unfunded commitments to existing borrowers and to originate commercial loans consistent with the company's investment strategy [2]. - Additional uses of the proceeds include working capital and repayment of debt [2]. Group 3: Company Overview - Sunrise Realty Trust, Inc. is an institutional lender focused on commercial real estate in the Southern United States, providing flexible financing solutions [6]. - The company targets transitional commercial real estate projects with potential for near-term value creation, backed by high-quality real property assets [6].

WEST PALM BEACH, Fla., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. ("Sunrise Realty" or "the Company") (NASDAQ:SUNS), an institutional lender that originates and funds loans to commercial real estate projects in the Southern United States, today announced that it has launched an underwritten public offering (the "Offering") of 5,500,000 shares of its common stock. Sunrise Realty intends to grant the underwriters of the Offering a 30-day option to purchase up to an additional 825,000 shares ...

WEST PALM BEACH, Fla., Dec. 13, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”) today announced that it has committed $32.0 million, of which the Company funded $29.9 million, to a $57.0 million senior loan originated by an affiliate on the TCG Real Estate platform. This loan is for the refinancing of The Loren at Lady Bird Lake (the “Project” or “The Loren”), a luxury boutique hotel located in Austin, Texas. The Sponsor is The Loren Group, a leading real estate ...

WEST PALM BEACH, Fla., Nov. 18, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”) today announced that it has committed $13.0 million to a $26.0 million subordinate loan for the development of the Excel Miami Apartments (“Excel” or the “Project”), a 24-story multifamily tower located at 1550 NE Miami Place in Miami’s Art & Entertainment District. An affiliated entity committed the remaining $13.0 million of the total loan amount. Centennial Bank provided a $68.5 mi ...

Sunrise Realty Trust, Inc. (NASDAQ:SUNS) Q3 2024 Results Conference Call November 7, 2024 10:00 AM ET Company Participants Gabriel Katz - Chief Legal Officer Leonard Tannenbaum - Executive Chairman Brian Sedrish - CEO Brandon Hetzel - CFO Conference Call Participants Stephen Laws - Raymond James Chris Muller - Citizens JMP Operator Good morning, and welcome to Sunrise Realty Trust's Third Quarter Earnings Call. At this time, all participants are in a listen-only mode. Later we will conduct the question-and ...

Sunrise Realty Trust, Inc. Announces Financial Results for Third Quarter 2024 Third quarter 2024 GAAP net income of $1.7 million or $0.26 per basic weighted average common share and Distributable Earnings of $1.9 million or $0.27 per basic weighted average common share (1) WEST PALM BEACH, FL, November 7, 2024 – Sunrise Realty Trust, Inc. (NASDAQ:SUNS) ("SUNS" or the "Company") today announced its results for the quarter ended September 30, 2024. SUNS reported generally accepted accounting principles ("GAAP ...

Third quarter 2024 GAAP net income of $1.7 million or $0.26 per basic weighted average common share and Distributable Earnings(1) of $1.9 million or $0.27 per basic weighted average common share WEST PALM BEACH, Fla., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Sunrise Realty Trust, Inc. (NASDAQ:SUNS) (“SUNS” or the “Company”) today announced its results for the quarter ended September 30, 2024. SUNS reported generally accepted accounting principles (“GAAP”) net income of $1.7 million or $0.26 per basic weighted aver ...

Index UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-41971 SUNRISE REALTY TRUST, INC. (Exact name of registrant as specified in its charter) Maryland 93-3168928 ( ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.01 per share SUNS The Nasdaq Stock Market LLC FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 14, 2024 SUNRISE REALTY TRUST, INC. (Exact name of Registrant as Specified in Its Charter) Maryland 001-41971 93-3168928 (State or Othe ...