Exantas Capital Corp. Declares Quarterly Dividends for Common Stock and Series C Preferred Stock

On September 12, 2019, Exantas Capital announced that its Board of Directors has declared a cash dividend of $0.25 per common share. This is for the end of the quarter which ends on September 30. The Board also declared a cash dividend on its 8.625% Fixed-to-Floating Series C Cumulative Redeemable Preferred Stock for the July through October period. This would amount to $0.539063 per share. This dividend is expected to be paid on October 30, 2019.

Exantas Capital Corp. is a REIT that focuses on originating, holding, and managing commercial real estate mortgage loans. They also focus on other commercial real estate related debt investments. It is externally managed by Exantas Capital Manager Inc, a subsidiary of C-III Capital Partners LLC. C-III Capital Partners is a diversified asset management and commercial real estate services company founded in 2010. It’s grown to include fund management, principal investment, mortgage origination, loan servicing, investment sales, property management, and brokerage. C-III Capital Partners is a controlled affiliate of Island Capital Group LLC, a leading international merchant bank.

Led by Andrew Farkas, Island Capital Group and its subsidiaries has managed to grow organically and through acquisition. Farkas is the founder, Chairman and CEO of Island Capital Group LLC, Island Global Yachting, and works closely with C-III Capital Partners LLC. Andrew additionally founded Insignia in 1990 which became the largest owner and operator of multifamily real restate.