New York & Tri-State + Finance | March 18, 2021

Ready Capital Prepares for Merger with Anworth

Ready Capital Corporation said Wednesday its shareholders approved the issuance of the company’s common stock in connection with the merger agreement with Anworth Mortgage Asset Corporation.

In the all-stock merger agreement, which was announced in December and is expected to close on Friday, Midtown Manhattan-based Ready Capital will acquire Santa Monica, CA-based Anworth through Anworth’s merger with and into a wholly owned subsidiary of Ready Capital.

The merger is expected to create a commercial mortgage REIT with a combined capital base exceeding $1 billion. “The combined company will be in a more formidable position to execute its business plan, improve operating and cost efficiencies, and continue growth in a prudent and profitable manner,” Ready Capital CEO Thomas Capasse said in December.

Capasse will lead the company, headquartered in New York. Ready Capital executives Jack Ross, Thomas Buttacavoli, Andrew Ahlborn and Gary Taylor will remain in their current roles.

Connect

Inside The Story

Connect With Ready Capital

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

Order Reprints