Sunrise Realty Trust sets Q4 2026 closing for Southern Realty Trust acquisition, including a $1M fee waiver and 17.5% incentive.
Sunrise Realty Trust (SUNS) announced a definitive merger agreement to acquire Southern Realty Trust (SRT), targeting a Q4 2026 closing. The deal includes a 17.5% incentive fee and a $1M waiver for shareholders.
SRT holds $107 million in assets, as disclosed during the Q2 2026 earnings call. The merger aligns with Sunrise’s strategy to expand its real estate portfolio amid stable market conditions.
No immediate market reaction was reported following the announcement.