– USA, NY – Granite Point Mortgage Trust Inc. (NYSE: GPMT) today announced the appointment of Sheila McGrath to its Board as an independent Director, bringing the Board to six members, of whom five are independent.
“Sheila is a highly respected and experienced REIT industry veteran, and we are pleased to welcome her to the Granite Point Board. Sheila brings significant financial acumen and more than 25 years of experience as one of the preeminent specialists covering Real Estate Investment Trusts. We look forward to benefiting from her valuable perspectives and insights as Granite Point executes on its disciplined investment and portfolio management approach to enhance stockholder value over the long-term,” said Board Chairman, Steve Kasnet.
About
Ms. McGrath currently serves as a Principal at her consulting firm, Grayton Advisory, and has more than 25 years of experience covering REITs as an equity analyst. Ms. McGrath spent 10 years as a Senior Managing Director at Evercore ISI covering equity REITs and real estate operating companies. Before joining Evercore, Ms. McGrath was Sector Head for REIT research at Keefe, Bruyette & Woods where she was a member of the Research Review Committee and the Leadership Committee for the firm. Ms. McGrath is an active member of the National Association of Real Estate Investment Trusts, including roles on the Advisory Board of Governors and Real Estate Investment Advisory Council. She also serves on and was a founding member of the Board of Rutgers Business School’s Center for Women in Business.
“Granite Point has a strong foundation with an excellent and cycle-tested management team and a diverse and resilient investment portfolio,” said Sheila McGrath. “I am excited to join this talented Board and look forward to leveraging my experience and expertise to contribute to the Company’s success.”
Ms. McGrath received her B.A. in Economics from Lafayette College and her M.B.A. in Finance from Rutgers University.
About Granite Point Mortgage Trust Inc.
Granite Point Mortgage Trust Inc. is a Maryland corporation focused on directly originating, investing in, and managing senior floating-rate commercial mortgage loans and other debt and debt-like commercial real estate investments. Granite Point is headquartered in New York, NY.
For more information: https://www.gpmtreit.com/
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