As we move into the second quarter and beyond, I am pleased to welcome Doug Bouquard to TRTX and TPG. With substantial liquidity and under Doug's leadership, we believe that TRTX is well positioned to drive growth and strong shareholder returns." With the intellectual firepower of TPG, and the strategic benefits of TRTX's role as an integral part of the TPG Real Estate platform and TPG more broadly, we intend to continue to provide effective financing solutions for our borrowers in vibrant, growing commercial real estate markets throughout the United States while delivering value for our investors."