{"success":true,"data":{"pressRelease":{"id":"167468","rtpr_id":"nGNXSTJGS-20261013","ticker":"SUNS","exchange":"NASDAQ","all_tickers":["SUNS"],"title":"Sunrise Realty Trust Announces Closing of the $41 Million Sale of the Thompson San Antonio Hotel","author":"Globe Newswire","published_at":"2026-10-13T12:00:03.085Z","article_body":"WEST PALM BEACH, Fla., Oct. 13, 2026 (GLOBE NEWSWIRE) -- Sunrise Realty Trust,\nInc. (“SUNS”) (Nasdaq: SUNS), a lender on the Tannenbaum Capital Group\n(“TCG”) Real Estate platform, today announced that a joint venture entity\nowned by SUNS and its affiliate completed the sale of the Thompson San Antonio\n(the “Property”) to The Loren Group for $41.0 million. The transaction\nincluded $9.0 million of purchaser cash, including deposits and payments made\nprior to closing, and a $32.0 million senior loan originated by SUNS and its\naffiliate. The Loren Group intends to enhance the guest experience over the\ncoming months with plans to spend an additional $10 million on capital\nexpenditures.\n\nBased on SUNS’ 65% ownership interest in the joint venture, SUNS’ share of\nthe gross purchase price was approximately $26.7 million, consisting of\napproximately $5.9 million of purchaser cash and a $20.8 million principal\ninterest in the senior loan, before SUNS’ proportionate share of closing\ncosts and other transaction expenses. SUNS’ share of the purchase price is\nconsistent with the carrying value of its investment in the joint venture.\nSUNS and its affiliate also continue to pursue available remedies under the\nformer sponsor’s guarantee.\n\nSUNS and its affiliate took ownership of the Property in March 2026 through\nthe joint venture following the exercise of their foreclosure rights under\ntheir prior senior loan secured by the Property. The Thompson San Antonio,\nlocated at 115 Lexington Avenue in San Antonio’s Art District, is part of a\n20-story mixed-use development completed in 2020. The Property overlooks the\nSan Antonio Riverwalk and is near attractions such as the Tobin Center for the\nPerforming Arts, Frost Bank Center of the San Antonio Spurs and The Alamo.\nComprising approximately 140,000 square feet, the Property features 162 luxury\nhotel rooms and offers a range of amenities, including a rooftop restaurant, a\nfull-service spa, a gym, and 5,000 square feet of conference facilities.\n\nThe Loren Group is a luxury hotel and residential developer, owner, and\nmanager with hotels in Bermuda, Austin and San Antonio, Texas, and an\nadditional property under development in Turks and Caicos that is expected to\nopen in 2027.\n\nAbout Sunrise Realty Trust, Inc.\n\nSunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”) is\nan institutional commercial real estate (“CRE”) lender providing flexible\nfinancing solutions to sponsors of CRE projects located primarily in the\nSouthern United States. It focuses on transitional CRE business plans with the\npotential for near-term value creation, collateralized by top-tier assets\npredominantly located in established and rapidly expanding Southern markets.\nFor additional information regarding the Company, please visit\nwww.sunriserealtytrust.com.\n\nAbout TCG Real Estate\n\nTCG Real Estate refers to a group of affiliated CRE-focused debt vehicles,\nincluding a Nasdaq-listed mortgage real estate investment trust (“REIT”),\nSunrise Realty Trust, Inc. (Nasdaq: SUNS), and a private mortgage REIT,\nSouthern Realty Trust Inc. The funds provide flexible financing on\ntransitional CRE properties that present opportunities for near-term value\ncreation, with a focus on top-tier CRE assets located primarily within markets\nin the Southern U.S. benefiting from economic tailwinds with growth potential.\nFor additional information regarding TCG Real Estate, please visit\nwww.theTCG.com.\n\nForward-Looking Statements\n\nThis release contains forward-looking statements within the meaning of the\nPrivate Securities Litigation Reform Act of 1995 that reflect our current\nviews and projections with respect to, among other things, the senior loan\noriginated in connection with the sale of the Property, SUNS’ and its\naffiliate’s pursuit of available remedies under the former sponsor’s\nguarantee and any potential recovery thereunder, and financial results. Words\nsuch as “believes,” “expects,” “will,” “intends,” “plans,”\n“guidance,” “estimates,” “projects,” “may,” “anticipates,”\nand “future” or similar expressions are intended to identify\nforward-looking statements. These forward-looking statements are subject to\nthe inherent uncertainties in predicting future results and conditions and are\nnot guarantees of future performance, conditions or results. Certain factors,\nincluding the purchaser’s ability to perform its obligations under the\nsenior loan, SUNS’ and its affiliate’s ability to realize any recovery\nunder the former sponsor’s guaranty, and other factors could cause actual\nresults and performance to differ materially from those projected in these\nforward-looking statements. More information on these risks and other\npotential factors that could affect our business and financial results is\nincluded in SUNS’ filings with the SEC, including in the “Risk Factors”\nand “Management’s Discussion and Analysis of Financial Condition and\nResults of Operations” sections of SUNS’ Annual Report on Form 10-K filed\non March 12, 2026, and subsequently filed Quarterly Reports on Form 10-Q. New\nrisks and uncertainties arise over time, and it is not possible to predict\nthose events or how they may affect SUNS. We do not undertake any obligation\nto publicly update or revise any forward-looking statements, whether as a\nresult of new information, future events or otherwise, except as required by\nlaw.\n\nInvestor Relations Contact\n\nRobyn Tannenbaum\n561-510-2293\nir@thetcg.com\n\nMedia Contact\n\nDoug Allen\nDukas Linden Public Relations\n646-722-6530\nTCG@DLPR.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/de62b5e0-c951-48db-a9d0-7fa01a5208cd)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNXSTJGS-20261013","title":"Sunrise Realty Trust Announces Closing of the $41 Million Sale of the Thompson San Antonio Hotel","author":"Globe Newswire","ticker":"SUNS","created":"2026-10-13T12:00:03.085Z","tickers":["SUNS"],"exchange":"NASDAQ","article_body":"WEST PALM BEACH, Fla., Oct. 13, 2026 (GLOBE NEWSWIRE) -- Sunrise Realty Trust,\nInc. (“SUNS”) (Nasdaq: SUNS), a lender on the Tannenbaum Capital Group\n(“TCG”) Real Estate platform, today announced that a joint venture entity\nowned by SUNS and its affiliate completed the sale of the Thompson San Antonio\n(the “Property”) to The Loren Group for $41.0 million. The transaction\nincluded $9.0 million of purchaser cash, including deposits and payments made\nprior to closing, and a $32.0 million senior loan originated by SUNS and its\naffiliate. The Loren Group intends to enhance the guest experience over the\ncoming months with plans to spend an additional $10 million on capital\nexpenditures.\n\nBased on SUNS’ 65% ownership interest in the joint venture, SUNS’ share of\nthe gross purchase price was approximately $26.7 million, consisting of\napproximately $5.9 million of purchaser cash and a $20.8 million principal\ninterest in the senior loan, before SUNS’ proportionate share of closing\ncosts and other transaction expenses. SUNS’ share of the purchase price is\nconsistent with the carrying value of its investment in the joint venture.\nSUNS and its affiliate also continue to pursue available remedies under the\nformer sponsor’s guarantee.\n\nSUNS and its affiliate took ownership of the Property in March 2026 through\nthe joint venture following the exercise of their foreclosure rights under\ntheir prior senior loan secured by the Property. The Thompson San Antonio,\nlocated at 115 Lexington Avenue in San Antonio’s Art District, is part of a\n20-story mixed-use development completed in 2020. The Property overlooks the\nSan Antonio Riverwalk and is near attractions such as the Tobin Center for the\nPerforming Arts, Frost Bank Center of the San Antonio Spurs and The Alamo.\nComprising approximately 140,000 square feet, the Property features 162 luxury\nhotel rooms and offers a range of amenities, including a rooftop restaurant, a\nfull-service spa, a gym, and 5,000 square feet of conference facilities.\n\nThe Loren Group is a luxury hotel and residential developer, owner, and\nmanager with hotels in Bermuda, Austin and San Antonio, Texas, and an\nadditional property under development in Turks and Caicos that is expected to\nopen in 2027.\n\nAbout Sunrise Realty Trust, Inc.\n\nSunrise Realty Trust, Inc. (Nasdaq: SUNS) (“SUNS” or the “Company”) is\nan institutional commercial real estate (“CRE”) lender providing flexible\nfinancing solutions to sponsors of CRE projects located primarily in the\nSouthern United States. It focuses on transitional CRE business plans with the\npotential for near-term value creation, collateralized by top-tier assets\npredominantly located in established and rapidly expanding Southern markets.\nFor additional information regarding the Company, please visit\nwww.sunriserealtytrust.com.\n\nAbout TCG Real Estate\n\nTCG Real Estate refers to a group of affiliated CRE-focused debt vehicles,\nincluding a Nasdaq-listed mortgage real estate investment trust (“REIT”),\nSunrise Realty Trust, Inc. (Nasdaq: SUNS), and a private mortgage REIT,\nSouthern Realty Trust Inc. The funds provide flexible financing on\ntransitional CRE properties that present opportunities for near-term value\ncreation, with a focus on top-tier CRE assets located primarily within markets\nin the Southern U.S. benefiting from economic tailwinds with growth potential.\nFor additional information regarding TCG Real Estate, please visit\nwww.theTCG.com.\n\nForward-Looking Statements\n\nThis release contains forward-looking statements within the meaning of the\nPrivate Securities Litigation Reform Act of 1995 that reflect our current\nviews and projections with respect to, among other things, the senior loan\noriginated in connection with the sale of the Property, SUNS’ and its\naffiliate’s pursuit of available remedies under the former sponsor’s\nguarantee and any potential recovery thereunder, and financial results. Words\nsuch as “believes,” “expects,” “will,” “intends,” “plans,”\n“guidance,” “estimates,” “projects,” “may,” “anticipates,”\nand “future” or similar expressions are intended to identify\nforward-looking statements. These forward-looking statements are subject to\nthe inherent uncertainties in predicting future results and conditions and are\nnot guarantees of future performance, conditions or results. Certain factors,\nincluding the purchaser’s ability to perform its obligations under the\nsenior loan, SUNS’ and its affiliate’s ability to realize any recovery\nunder the former sponsor’s guaranty, and other factors could cause actual\nresults and performance to differ materially from those projected in these\nforward-looking statements. More information on these risks and other\npotential factors that could affect our business and financial results is\nincluded in SUNS’ filings with the SEC, including in the “Risk Factors”\nand “Management’s Discussion and Analysis of Financial Condition and\nResults of Operations” sections of SUNS’ Annual Report on Form 10-K filed\non March 12, 2026, and subsequently filed Quarterly Reports on Form 10-Q. New\nrisks and uncertainties arise over time, and it is not possible to predict\nthose events or how they may affect SUNS. We do not undertake any obligation\nto publicly update or revise any forward-looking statements, whether as a\nresult of new information, future events or otherwise, except as required by\nlaw.\n\nInvestor Relations Contact\n\nRobyn Tannenbaum\n561-510-2293\nir@thetcg.com\n\nMedia Contact\n\nDoug Allen\nDukas Linden Public Relations\n646-722-6530\nTCG@DLPR.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/de62b5e0-c951-48db-a9d0-7fa01a5208cd)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-13T12:00:03.764439336Z","server_sent_at_ms":1791892803764},"received_at":"2026-10-13T12:00:03.817Z","source_url":null},"analysis":{"id":"155777","press_release_id":"167468","analysis_json":{"industry":{"label":"Real Estate Investment Trusts","sector":"Real Estate"},"redFlags":["sale proceeds received largely as a SUNS-originated loan rather than cash, leaving ongoing credit exposure to The Loren Group","recovery under the former sponsor's guarantee remains uncertain"],"eventType":"operations_update","narrative":"Sunrise Realty Trust and its affiliate completed the $41.0 million sale of the Thompson San Antonio hotel to The Loren Group via their jointly owned joint venture.\n\nBased on SUNS' 65% ownership, its share of the purchase price is roughly $26.7 million — about $5.9 million in cash and a $20.8 million principal interest in the new $32.0 million senior loan — and is consistent with the carrying value of its investment.\n\nSUNS took the property through foreclosure in March 2026 and continues to pursue remedies under the former sponsor's guarantee, so recovery on that guarantee remains an open upside item.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Foreclosed hotel asset resolved at carrying value, converting REO exposure into a new senior loan plus residual guarantee claims."},"keyFigures":{"customDimensions":{"purchaser_cash":9000000,"gross_sale_price":41000000,"suns_ownership_pct":"65%","planned_buyer_capex":10000000,"senior_loan_originated":32000000,"suns_share_purchaser_cash":5900000,"suns_share_of_purchase_price":26700000,"suns_share_senior_loan_principal":20800000}},"namedEntities":{"people":[{"name":"Robyn Tannenbaum","role":"Investor Relations contact"},{"name":"Doug Allen","role":"Media contact, Dukas Linden Public Relations"}],"products":["Thompson San Antonio"],"companies":[{"name":"Sunrise Realty Trust, Inc.","ticker":"SUNS","relationship":"filer"},{"name":"Tannenbaum Capital Group","relationship":"affiliated platform"},{"name":"The Loren Group","relationship":"buyer"},{"name":"Southern Realty Trust Inc.","relationship":"affiliate private REIT"},{"name":"Dukas Linden Public Relations","relationship":"media relations agency"}],"dollarAmounts":[{"amount":"$41.0 million","context":"gross purchase price of Thompson San Antonio"},{"amount":"$9.0 million","context":"purchaser cash including pre-closing deposits"},{"amount":"$32.0 million","context":"senior loan originated by SUNS and affiliate in the sale"},{"amount":"$26.7 million","context":"SUNS' share of gross purchase price (65% JV interest)"},{"amount":"$10 million","context":"buyer's planned capital expenditures"}]},"materialImpact":{"score":2,"reasoning":"Resolution of a foreclosed asset via a $41M sale at carrying value for SUNS' 65% JV share; no loss or gain disclosed, so the event is operationally notable but not market-moving."},"tickerRelevance":{"others":[],"primary":"SUNS"},"globalImportance":22,"audienceRelevance":12,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"small-cap REIT","eventGravity":"asset disposition at carrying value","householdBrandBoost":0,"retailFavoriteBoost":0}},"event_type":"operations_update","event_type_secondary":null,"sentiment":"neutral","material_impact_score":2,"narrative":"Sunrise Realty Trust and its affiliate completed the $41.0 million sale of the Thompson San Antonio hotel to The Loren Group via their jointly owned joint venture.\n\nBased on SUNS' 65% ownership, its share of the purchase price is roughly $26.7 million — about $5.9 million in cash and a $20.8 million principal interest in the new $32.0 million senior loan — and is consistent with the carrying value of its investment.\n\nSUNS took the property through foreclosure in March 2026 and continues to pursue remedies under the former sponsor's guarantee, so recovery on that guarantee remains an open upside item.","key_figures":{"customDimensions":{"purchaser_cash":9000000,"gross_sale_price":41000000,"suns_ownership_pct":"65%","planned_buyer_capex":10000000,"senior_loan_originated":32000000,"suns_share_purchaser_cash":5900000,"suns_share_of_purchase_price":26700000,"suns_share_senior_loan_principal":20800000}},"named_entities":{"people":[{"name":"Robyn Tannenbaum","role":"Investor Relations contact"},{"name":"Doug Allen","role":"Media contact, Dukas Linden Public Relations"}],"products":["Thompson San Antonio"],"companies":[{"name":"Sunrise Realty Trust, Inc.","ticker":"SUNS","relationship":"filer"},{"name":"Tannenbaum Capital Group","relationship":"affiliated platform"},{"name":"The Loren Group","relationship":"buyer"},{"name":"Southern Realty Trust Inc.","relationship":"affiliate private REIT"},{"name":"Dukas Linden Public Relations","relationship":"media relations agency"}],"dollarAmounts":[{"amount":"$41.0 million","context":"gross purchase price of Thompson San Antonio"},{"amount":"$9.0 million","context":"purchaser cash including pre-closing deposits"},{"amount":"$32.0 million","context":"senior loan originated by SUNS and affiliate in the sale"},{"amount":"$26.7 million","context":"SUNS' share of gross purchase price (65% JV interest)"},{"amount":"$10 million","context":"buyer's planned capital expenditures"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-13T12:00:32.526Z","global_importance":22,"audience_relevance":12,"importance_components":{"tickerTier":"small-cap REIT","eventGravity":"asset disposition at carrying value","householdBrandBoost":0,"retailFavoriteBoost":0}},"durationMs":6326,"modelName":"glm-5.3-flashx"}}