AFC Gamma: AFC Gamma to Separate Commercial Real Estate Lending Business into Independent Public Company
February 22, 2024
AFC Gamma, Inc. announced that its Board of Directors has unanimously approved a plan to spin-off its commercial real estate portfolio into an independent, publicly traded company that intends to elect REIT status, Sunrise Realty Trust, Inc. (SUNS). O’Melveny & Myers LLP is serving as legal counsel to AFC Gamma and SUNS in connection with the spin-off.
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