Mergers & Acquisitions ·
Sunrise Realty Trust board increases size to six members ahead of merger with Southern Realty Trust expected to close in fourth quarter 2026
SUNSSunrise Realty Trust, Inc.
Sunrise Realty Trust, Inc. announced that its Board of Directors increased the board size to six members and approved the designation of Howard Sudnow as an independent director, effective upon the completion of a merger with Southern Realty Trust Inc. The merger involves Sunrise Merger Sub, LLC merging into SRT, with the transaction expected to close in the fourth quarter of 2026. Mr. Sudnow brings over 30 years of capital markets experience from roles at MYST Advisors, Seaport Global, and Sterne Agee. This company operates in the real estate investment trust industry.