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   "markdown": "<a id='962fcc5b-36b3-4c60-a4a4-89cc40baf632'></a>\n\n<table id=\"0-1\">\n<tr><td id=\"0-2\">($ in thousands)</td><td id=\"0-3\">Office</td><td id=\"0-4\">Office</td><td id=\"0-5\">Total Office</td><td id=\"0-6\">Multifamily</td><td id=\"0-7\">Multifamily\u00b9</td><td id=\"0-8\">Multifamily</td><td id=\"0-9\">Total Multifamily</td><td id=\"0-a\">Total Portfolio</td></tr>\n<tr><td id=\"0-b\">Acquisition\nDate</td><td id=\"0-c\">April 2023</td><td id=\"0-d\">December 2023</td><td id=\"0-e\"></td><td id=\"0-f\">December 2023</td><td id=\"0-g\">November 2024</td><td id=\"0-h\">December 2024</td><td id=\"0-i\"></td><td id=\"0-j\"></td></tr>\n<tr><td id=\"0-k\">Location</td><td id=\"0-l\">Houston, TX</td><td id=\"0-m\">Manhattan, NY</td><td id=\"0-n\"></td><td id=\"0-o\">Arlington\nHeights, IL</td><td id=\"0-p\">San Antonio, TX</td><td id=\"0-q\">Chicago, IL</td><td id=\"0-r\"></td><td id=\"0-s\"></td></tr>\n<tr><td id=\"0-t\">NRSF / Units</td><td id=\"0-u\">375,440 Sq. Ft.</td><td id=\"0-v\">121,238 Sq. Ft.</td><td id=\"0-w\"></td><td id=\"0-x\">263 Units</td><td id=\"0-y\">600 Units</td><td id=\"0-z\">149 Units</td><td id=\"0-A\"></td><td id=\"0-B\"></td></tr>\n<tr><td id=\"0-C\">Fair Value at\nAcquisition\u00b2</td><td id=\"0-D\">$46,000</td><td id=\"0-E\">$40,041</td><td id=\"0-F\">$86,041</td><td id=\"0-G\">$72,000</td><td id=\"0-H\">$52,546</td><td id=\"0-I\">$37,358</td><td id=\"0-J\">$161,904</td><td id=\"0-K\">$247,945</td></tr>\n<tr><td id=\"0-L\">Carrying Value\u00b3</td><td id=\"0-M\">$45,669</td><td id=\"0-N\">$35,071</td><td id=\"0-O\">$80,740</td><td id=\"0-P\">$65,328</td><td id=\"0-Q\">$55,183</td><td id=\"0-R\">$35,569</td><td id=\"0-S\">$156,080</td><td id=\"0-T\">$236,820</td></tr>\n<tr><td id=\"0-U\">Mortgage Debt Outstanding</td><td id=\"0-V\">$31,200</td><td id=\"0-W\">$-</td><td id=\"0-X\">$31,200</td><td id=\"0-Y\">$-</td><td id=\"0-Z\">$-</td><td id=\"0-10\">$-</td><td id=\"0-11\">$-</td><td id=\"0-12\">$31,200</td></tr>\n<tr><td id=\"0-13\">Net Book Equity</td><td id=\"0-14\">$14,469</td><td id=\"0-15\">$35,071</td><td id=\"0-16\">$49,540</td><td id=\"0-17\">$65,328</td><td id=\"0-18\">$55,183</td><td id=\"0-19\">$35,569</td><td id=\"0-1a\">$156,080</td><td id=\"0-1b\">$205,620</td></tr>\n</table>",
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   "markdown": "<a id='213cf5b9-b9da-4d49-9232-60d82fc68dec'></a>\n\n<::An aerial view of an apartment complex building with several cars parked in the parking lot in front of it. The building has multiple stories, with brick and siding exteriors, and individual balconies for some units. The sky is partly cloudy.: figure::>",
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   "markdown": "<a id='c81f1351-4fcd-4359-96d6-825faf9b166c'></a>\n\n<::A modern, multi-story building with a glass facade, reflecting the sky and surrounding urban environment. The building has multiple balconies and appears to be located on a city street with other buildings and some vehicles visible. The lighting suggests either dawn or dusk.: photo::>",
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   "markdown": "<a id='0a51edc5-46f8-42cb-b80d-dcfb12fa6ff4'></a>\n\n1 Includes two properties\n2. Excludes assumed working capital of $2.6 million\n3. Carrying Value includes the impact of capital expenditures and depreciation and amortization recorded from acquisition to the reporting date\nNote: Carrying Value, Mortgage Debt Outstanding and Net Book Equity as of June 30, 2026",
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   "markdown": "<a id='42939f9d-ec00-426a-a8ca-b13c0c5a4472'></a>\n\nTPG RE Finance Trust, Inc.| NYSE: TRTX",
   "type": "marginalia"
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   "markdown": "<a id='a898e4ee-a364-431b-9ebb-39b8fb4e4157'></a>\n\n13",
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 "markdown": "<a id='e07558a7-9d4e-44b6-9d1d-bfe40cc6ba61'></a>\n\nReal Estate Owned\n\n<a id='1aeed1ac-3e8a-489c-80b4-8fea51fe180a'></a>\n\n- Real Estate Owned portfolio with a total acquisition date fair value of $247.9 million, current carrying value of $236.8 million, and net book\nequity of $205.6 million as of June 30, 2026\n\n<a id='962fcc5b-36b3-4c60-a4a4-89cc40baf632'></a>\n\n<table id=\"0-1\">\n<tr><td id=\"0-2\">($ in thousands)</td><td id=\"0-3\">Office</td><td id=\"0-4\">Office</td><td id=\"0-5\">Total Office</td><td id=\"0-6\">Multifamily</td><td id=\"0-7\">Multifamily\u00b9</td><td id=\"0-8\">Multifamily</td><td id=\"0-9\">Total Multifamily</td><td id=\"0-a\">Total Portfolio</td></tr>\n<tr><td id=\"0-b\">Acquisition\nDate</td><td id=\"0-c\">April 2023</td><td id=\"0-d\">December 2023</td><td id=\"0-e\"></td><td id=\"0-f\">December 2023</td><td id=\"0-g\">November 2024</td><td id=\"0-h\">December 2024</td><td id=\"0-i\"></td><td id=\"0-j\"></td></tr>\n<tr><td id=\"0-k\">Location</td><td id=\"0-l\">Houston, TX</td><td id=\"0-m\">Manhattan, NY</td><td id=\"0-n\"></td><td id=\"0-o\">Arlington\nHeights, IL</td><td id=\"0-p\">San Antonio, TX</td><td id=\"0-q\">Chicago, IL</td><td id=\"0-r\"></td><td id=\"0-s\"></td></tr>\n<tr><td id=\"0-t\">NRSF / Units</td><td id=\"0-u\">375,440 Sq. Ft.</td><td id=\"0-v\">121,238 Sq. Ft.</td><td id=\"0-w\"></td><td id=\"0-x\">263 Units</td><td id=\"0-y\">600 Units</td><td id=\"0-z\">149 Units</td><td id=\"0-A\"></td><td id=\"0-B\"></td></tr>\n<tr><td id=\"0-C\">Fair Value at\nAcquisition\u00b2</td><td id=\"0-D\">$46,000</td><td id=\"0-E\">$40,041</td><td id=\"0-F\">$86,041</td><td id=\"0-G\">$72,000</td><td id=\"0-H\">$52,546</td><td id=\"0-I\">$37,358</td><td id=\"0-J\">$161,904</td><td id=\"0-K\">$247,945</td></tr>\n<tr><td id=\"0-L\">Carrying Value\u00b3</td><td id=\"0-M\">$45,669</td><td id=\"0-N\">$35,071</td><td id=\"0-O\">$80,740</td><td id=\"0-P\">$65,328</td><td id=\"0-Q\">$55,183</td><td id=\"0-R\">$35,569</td><td id=\"0-S\">$156,080</td><td id=\"0-T\">$236,820</td></tr>\n<tr><td id=\"0-U\">Mortgage Debt Outstanding</td><td id=\"0-V\">$31,200</td><td id=\"0-W\">$-</td><td id=\"0-X\">$31,200</td><td id=\"0-Y\">$-</td><td id=\"0-Z\">$-</td><td id=\"0-10\">$-</td><td id=\"0-11\">$-</td><td id=\"0-12\">$31,200</td></tr>\n<tr><td id=\"0-13\">Net Book Equity</td><td id=\"0-14\">$14,469</td><td id=\"0-15\">$35,071</td><td id=\"0-16\">$49,540</td><td id=\"0-17\">$65,328</td><td id=\"0-18\">$55,183</td><td id=\"0-19\">$35,569</td><td id=\"0-1a\">$156,080</td><td id=\"0-1b\">$205,620</td></tr>\n</table>\n\n<a id='e9017657-53f6-4cdd-b926-5473ffbeb813'></a>\n\nProperty Photos\n\n<a id='c9d44c35-ad29-463d-a7a2-5eec6a2f3f00'></a>\n\n<::A photograph of a city skyline. In the center, a light-colored, multi-story building with many windows stands prominently. On either side, parts of other tall buildings with reflective glass facades are visible, creating a dense urban environment. A street with some cars is visible at the base of the central building. The sky above is partly cloudy with hints of sunset colors.: photo::>\n\n<a id='18e4dda4-885f-4003-bc4e-318df8ee6cb9'></a>\n\n<::An aerial view of a city street scene. In the center is a tall, light-colored building with many windows, appearing to be made of stone or brick. To the left, train tracks run parallel to the building, with a silver train visible on the tracks. In the foreground and background, there are other urban buildings of varying heights and colors, as well as streets with cars and buses. The sky is blue with some scattered clouds. A street is visible in front of the central building with vehicles and people.: photo::>\n\n<a id='6033db68-5eed-4921-9ebb-895af7f253dc'></a>\n\n<::An aerial view of a modern, multi-story apartment or mixed-use building with varying facade colors (brown, grey, white) and balconies, surrounded by green lawns, trees with autumn foliage, and paved roads. An adjacent, lighter-colored office building is visible to the left. The sky is clear blue with some white clouds.: photo::>\n\n<a id='213cf5b9-b9da-4d49-9232-60d82fc68dec'></a>\n\n<::An aerial view of an apartment complex building with several cars parked in the parking lot in front of it. The building has multiple stories, with brick and siding exteriors, and individual balconies for some units. The sky is partly cloudy.: figure::>\n\n<a id='c81f1351-4fcd-4359-96d6-825faf9b166c'></a>\n\n<::A modern, multi-story building with a glass facade, reflecting the sky and surrounding urban environment. The building has multiple balconies and appears to be located on a city street with other buildings and some vehicles visible. The lighting suggests either dawn or dusk.: photo::>\n\n<a id='0a51edc5-46f8-42cb-b80d-dcfb12fa6ff4'></a>\n\n1 Includes two properties\n2. Excludes assumed working capital of $2.6 million\n3. Carrying Value includes the impact of capital expenditures and depreciation and amortization recorded from acquisition to the reporting date\nNote: Carrying Value, Mortgage Debt Outstanding and Net Book Equity as of June 30, 2026\n\n<a id='42939f9d-ec00-426a-a8ca-b13c0c5a4472'></a>\n\nTPG RE Finance Trust, Inc.| NYSE: TRTX\n\n<a id='d4c4b777-8ac4-4a5b-bcba-3d999e47f810'></a>\n\nSupplemental Information| 2Q 2026\n\n<a id='a898e4ee-a364-431b-9ebb-39b8fb4e4157'></a>\n\n13",
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   "markdown": "<a id='e07558a7-9d4e-44b6-9d1d-bfe40cc6ba61'></a>\n\nReal Estate Owned\n\n<a id='1aeed1ac-3e8a-489c-80b4-8fea51fe180a'></a>\n\n- Real Estate Owned portfolio with a total acquisition date fair value of $247.9 million, current carrying value of $236.8 million, and net book\nequity of $205.6 million as of June 30, 2026\n\n<a id='962fcc5b-36b3-4c60-a4a4-89cc40baf632'></a>\n\n<table id=\"0-1\">\n<tr><td id=\"0-2\">($ in thousands)</td><td id=\"0-3\">Office</td><td id=\"0-4\">Office</td><td id=\"0-5\">Total Office</td><td id=\"0-6\">Multifamily</td><td id=\"0-7\">Multifamily\u00b9</td><td id=\"0-8\">Multifamily</td><td id=\"0-9\">Total Multifamily</td><td id=\"0-a\">Total Portfolio</td></tr>\n<tr><td id=\"0-b\">Acquisition\nDate</td><td id=\"0-c\">April 2023</td><td id=\"0-d\">December 2023</td><td id=\"0-e\"></td><td id=\"0-f\">December 2023</td><td id=\"0-g\">November 2024</td><td id=\"0-h\">December 2024</td><td id=\"0-i\"></td><td id=\"0-j\"></td></tr>\n<tr><td id=\"0-k\">Location</td><td id=\"0-l\">Houston, TX</td><td id=\"0-m\">Manhattan, NY</td><td id=\"0-n\"></td><td id=\"0-o\">Arlington\nHeights, IL</td><td id=\"0-p\">San Antonio, TX</td><td id=\"0-q\">Chicago, IL</td><td id=\"0-r\"></td><td id=\"0-s\"></td></tr>\n<tr><td id=\"0-t\">NRSF / Units</td><td id=\"0-u\">375,440 Sq. Ft.</td><td id=\"0-v\">121,238 Sq. Ft.</td><td id=\"0-w\"></td><td id=\"0-x\">263 Units</td><td id=\"0-y\">600 Units</td><td id=\"0-z\">149 Units</td><td id=\"0-A\"></td><td id=\"0-B\"></td></tr>\n<tr><td id=\"0-C\">Fair Value at\nAcquisition\u00b2</td><td id=\"0-D\">$46,000</td><td id=\"0-E\">$40,041</td><td id=\"0-F\">$86,041</td><td id=\"0-G\">$72,000</td><td id=\"0-H\">$52,546</td><td id=\"0-I\">$37,358</td><td id=\"0-J\">$161,904</td><td id=\"0-K\">$247,945</td></tr>\n<tr><td id=\"0-L\">Carrying Value\u00b3</td><td id=\"0-M\">$45,669</td><td id=\"0-N\">$35,071</td><td id=\"0-O\">$80,740</td><td id=\"0-P\">$65,328</td><td id=\"0-Q\">$55,183</td><td id=\"0-R\">$35,569</td><td id=\"0-S\">$156,080</td><td id=\"0-T\">$236,820</td></tr>\n<tr><td id=\"0-U\">Mortgage Debt Outstanding</td><td id=\"0-V\">$31,200</td><td id=\"0-W\">$-</td><td id=\"0-X\">$31,200</td><td id=\"0-Y\">$-</td><td id=\"0-Z\">$-</td><td id=\"0-10\">$-</td><td id=\"0-11\">$-</td><td id=\"0-12\">$31,200</td></tr>\n<tr><td id=\"0-13\">Net Book Equity</td><td id=\"0-14\">$14,469</td><td id=\"0-15\">$35,071</td><td id=\"0-16\">$49,540</td><td id=\"0-17\">$65,328</td><td id=\"0-18\">$55,183</td><td id=\"0-19\">$35,569</td><td id=\"0-1a\">$156,080</td><td id=\"0-1b\">$205,620</td></tr>\n</table>\n\n<a id='e9017657-53f6-4cdd-b926-5473ffbeb813'></a>\n\nProperty Photos\n\n<a id='c9d44c35-ad29-463d-a7a2-5eec6a2f3f00'></a>\n\n<::A photograph of a city skyline. In the center, a light-colored, multi-story building with many windows stands prominently. On either side, parts of other tall buildings with reflective glass facades are visible, creating a dense urban environment. A street with some cars is visible at the base of the central building. The sky above is partly cloudy with hints of sunset colors.: photo::>\n\n<a id='18e4dda4-885f-4003-bc4e-318df8ee6cb9'></a>\n\n<::An aerial view of a city street scene. In the center is a tall, light-colored building with many windows, appearing to be made of stone or brick. To the left, train tracks run parallel to the building, with a silver train visible on the tracks. In the foreground and background, there are other urban buildings of varying heights and colors, as well as streets with cars and buses. The sky is blue with some scattered clouds. A street is visible in front of the central building with vehicles and people.: photo::>\n\n<a id='6033db68-5eed-4921-9ebb-895af7f253dc'></a>\n\n<::An aerial view of a modern, multi-story apartment or mixed-use building with varying facade colors (brown, grey, white) and balconies, surrounded by green lawns, trees with autumn foliage, and paved roads. An adjacent, lighter-colored office building is visible to the left. The sky is clear blue with some white clouds.: photo::>\n\n<a id='213cf5b9-b9da-4d49-9232-60d82fc68dec'></a>\n\n<::An aerial view of an apartment complex building with several cars parked in the parking lot in front of it. The building has multiple stories, with brick and siding exteriors, and individual balconies for some units. The sky is partly cloudy.: figure::>\n\n<a id='c81f1351-4fcd-4359-96d6-825faf9b166c'></a>\n\n<::A modern, multi-story building with a glass facade, reflecting the sky and surrounding urban environment. The building has multiple balconies and appears to be located on a city street with other buildings and some vehicles visible. The lighting suggests either dawn or dusk.: photo::>\n\n<a id='0a51edc5-46f8-42cb-b80d-dcfb12fa6ff4'></a>\n\n1 Includes two properties\n2. Excludes assumed working capital of $2.6 million\n3. Carrying Value includes the impact of capital expenditures and depreciation and amortization recorded from acquisition to the reporting date\nNote: Carrying Value, Mortgage Debt Outstanding and Net Book Equity as of June 30, 2026\n\n<a id='42939f9d-ec00-426a-a8ca-b13c0c5a4472'></a>\n\nTPG RE Finance Trust, Inc.| NYSE: TRTX\n\n<a id='d4c4b777-8ac4-4a5b-bcba-3d999e47f810'></a>\n\nSupplemental Information| 2Q 2026\n\n<a id='a898e4ee-a364-431b-9ebb-39b8fb4e4157'></a>\n\n13",
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