Ladder Announces Michael Mazzei Has Been Appointed as Chief Executive Officer and President of Colony Credit Real Estate, Inc.
March 26 2020 - 4:05PM
Business Wire
Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR)
announced today that Michael Mazzei, a member of the Company’s
board of directors, has been appointed as the Chief Executive
Officer and President of Colony Credit Real Estate, Inc. (NYSE:
CLNC). Mr. Mazzei stepped down today from Ladder’s board to fully
devote his time to this new role.
The Company is extremely grateful to Mr. Mazzei for his many
years of dedicated service to the Company and its stockholders,
first as President and then as a valued member of the board. Ladder
congratulates Mr. Mazzei and wishes him well in his new position.
The Company also congratulates Colony Credit Real Estate, Inc. for
its choice of a leader of Mr. Mazzei’s caliber and character.
About Ladder
Ladder Capital Corp (NYSE: LADR) is an internally-managed
commercial real estate investment trust with over $6 billion of
assets. Our investment objective is to preserve and protect
shareholder capital while producing attractive risk-adjusted
returns. As one of the nation’s leading commercial real estate
capital providers, we specialize in underwriting commercial real
estate and offering flexible capital solutions within a
sophisticated platform.
Ladder originates and invests in a diverse portfolio of
commercial real estate and real estate-related assets, focusing on
senior secured assets. Our investment activities include: (i) our
primary business of originating senior first mortgage fixed and
floating rate loans collateralized by commercial real estate with
flexible loan structures; (ii) investing in investment grade
securities secured by first mortgage loans on commercial real
estate; and (iii) owning and operating commercial real estate,
including net leased commercial properties.
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.
Members of Ladder’s management and board of directors are highly
aligned with the Company’s investors, owning 11.3% of the Company’s
equity. Led by Brian Harris, the Company’s Chief Executive Officer,
Ladder is headquartered in New York City with regional offices in
California and Florida.
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Ladder Capital Corp Investor Relations 917-369-3207
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