Claros Mortgage Trust, Inc. Appoints Denise Olsen to Its Board of Directors
Vincent Tese to Step Down Following Four Years of Dedicated Service
Claros Mortgage Trust, Inc. (NYSE:CMTG) (the "Company" or "CMTG") today announced that Denise Olsen has been appointed to its Board of Directors effective as of March 2, 2026. Ms. Olsen will serve as an independent director and a member of the Audit Committee. CMTG also announced that Vincent Tese advised CMTG's Board that he will not stand for re-election at the Company's Annual Meeting as a result of his decision to retire from the Board at the end of his current term.
Ms. Olsen brings over 30 years of investment management experience across private and public real estate and related asset classes. Most recently, she served as a Senior Managing Director and Investment Committee member at GEM Realty Capital, and earlier in her career held investment roles at JMB Realty Corporation and EVEREN Securities. Ms. Olsen has served on the Board of Directors of First Industrial Realty Trust, Inc. (NYSE:FR) since 2017 and of PRP Real Assets since 2025, and previously was a member of the Board of Directors of CyrusOne, Inc. (NASDAQ:CONE). She holds a B.S. in Economics from The Wharton School at the University of Pennsylvania.
"We are pleased to welcome Denise Olsen to our Board," said Richard Mack, Chief Executive Officer and Chairman of CMTG. "Denise brings extensive real estate and public company board experience that will be valuable to the company and our shareholders as we continue to execute our business strategy."
"On behalf of the Board, I want to thank Vince for his leadership and service to CMTG. Vince has been a valuable member of the Board since our Company's initial public offering. We deeply appreciate his contributions and the perspectives he has provided over the years," added Mack.
About Claros Mortgage Trust, Inc.
CMTG is a real estate investment trust that is focused primarily on originating senior and subordinate loans on transitional commercial real estate assets located in major markets across the U.S. CMTG is externally managed and advised by Claros REIT Management LP, an affiliate of Mack Real Estate Credit Strategies, L.P. Additional information can be found on the Company's website at www.clarosmortgage.com.
Forward-Looking Statements
Certain statements contained in this press release may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. CMTG intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such forward-looking statements can generally be identified by CMTG's use of forward-looking terminology such as "may," "will," "expect," "intend," "anticipate," "estimate," "believe," "continue," "seek," "objective," "goal," "strategy," "plan," "focus," "priority," "should," "could," "potential," "possible," "look forward," "optimistic," or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Such statements are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of CMTG's performance in future periods. Except as required by law, CMTG does not undertake any obligation to update or revise any forward-looking statements contained in this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260210557487/en/
Investor Relations:
Claros Mortgage Trust, Inc.
Anh Huynh
212-484-0090
cmtgIR@mackregroup.com
Media Relations:
Financial Profiles
Kelly McAndrew
203-613-1552
Kmcandrew@finprofiles.com