Viridescent Realty Trust Announces the First Closing of Its Cannabis Mortgage Real-Estate Investment Trust

Cypress, Texas--(Newsfile Corp. - June 9, 2021) - Viridescent Management LLC, an affiliate of Viridescent Capital Partners ("Viridescent"), a private investment firm with substantial operating and investing experience across the U.S. cannabis industry, is pleased to announce a first close of over $125 million on its mortgage real estate investment trust ("mREIT"), Viridescent Realty Trust ("VRT"). VRT will focus on originating, structuring, underwriting, and managing senior secured loans for...

2021-06-09 9:00 AM EDT