TPG Mortgage Investment Trust to acquire Cherry Hill
TPG Mortgage Investment Trust (MITT) will acquire Cherry Hill Mortgage Investment Corp (CHMI), expanding its residential mortgage platform. The combined portfolio would total about $9 billion. The deal is expected to deliver $7 million to $9 million in annual operating efficiencies. MITT shareholders would own about 73% and CHMI about 27%, with about 30% cash consideration, subject to approvals and a Q4 close.



