Investment Banking
Financial Advisor to the Sunrise Realty Trust, Inc. Special Committee
August 18, 2026
Oppenheimer & Co. Inc. is acting as Exclusive Financial Advisor to the Special Committee of the Board of Directors of Sunrise Realty Trust, Inc. on its proposed merger with Southern Realty Trust, Inc.
Oppenheimer is acting as Exclusive Financial Advisor and Fairness Opinion Provider to the Special Committee of the Board of Directors of Sunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS”) on its proposed merger with Southern Realty Trust Inc. (“SRT”). SUNS and SRT have entered into a merger agreement under which each SRT share will be converted into 1.45 newly issued SUNS shares, plus existing SRT shareholders will receive $0.05 per share in cash from SUNS' manager, an affiliate of Tannenbaum Capital Group ("TCG"). The exchange ratio implies a 6.0% premium to SRT's book value, and SUNS expects to issue ~8.4 million shares to SRT shareholders. SUNS shareholders are expected to own ~62% and SRT shareholders are expected to own ~38% of the combined company. TCG will also amend its management agreement to lower incentive fees from 20.0% to 17.5%, the hurdle rate from 8.0% to 7.0% and provide a $1.0 million incentive fee waiver. The combined company will continue operating as SUNS.
SUNS was formed in 2023 as an institutional CRE lender providing flexible financing solutions to sponsors of CRE projects located primarily in the Southern United States. SUNS focuses on transitional CRE business plans with the potential for near-term value creation, collateralized by top-tier assets predominantly located in established and rapidly expanding Southern markets.
SRT was formed in 2023 to originate CRE debt investments primarily in the Southern U.S. and provide capital to high-quality borrowers and sponsors with transitional business plans collateralized by top-tier CRE assets with opportunities for near-term value creation, as well as recapitalization opportunities.
Read the full press release here: Sunrise Realty Trust, Inc. and Southern Realty Trust Inc. Announce Definitive Merger Agreement | Sunrise Realty Trust, Inc
Financial Institutions Investment Banking
Name:
Gilbert Dychiao
Title:Co-Head of Investment Banking, Head of Financial Institutions
Name:
John Putrino
Title:Managing Director, Head of Lodging & Leisure, Co-Head of Real Estate
DISCLOSURES
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