Sunrise Realty Trust Completes Merger with Southern Realty Trust
Sunrise Realty Trust, Inc. (SUNS) has finalized its merger with Southern Realty Trust Inc. (SRT), consolidating two commercial real estate lending platforms under a single Nasdaq-listed entity. The transaction combines the portfolios of both companies into one larger platform focused on core Southern U.S. markets. On a pro forma basis as of June 30, 2026, the combined company reports approximately $534 million in total assets and $604 million in total loan commitments across 14 portfolio loans. The merger is expected to lower operating costs through balance sheet consolidation and broaden access to capital. As part of the deal, SRT stockholders received 1.45 shares of SUNS common stock and $0.05 per share in cash. Following the issuance of new shares, former SRT stockholders own approximately 38.5% of the combined company, while pre-merger SUNS stockholders retain roughly 61.5%.
Topics: commercial real estate lending consolidation merger Nasdaq listing