Friday, May 3, 2013

Annaly Capital Management, Inc. Announces Expansion of Commercial Real Estate Platform



Wellington J.
Denahan
NEW YORK, NY--(BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE:NLY) (“Annaly”) today announced the recent hiring of several key additions to its existing commercial real estate platform.

“Over the past few months, FIDAC has continued to grow its commercial real estate expertise,” said Wellington J. Denahan, Annaly’s Chairman and Chief Executive Officer. “Given the size of the opportunity that we see in the commercial real estate market, we are investing in additional personnel to further complement our origination, underwriting and asset management capabilities within this asset class.”

Annaly previously announced that its acquisition of CreXus Investment Corp. (NYSE:CXS) (“CreXus”) will close on May 23, 2013. Annaly’s acquisition of CreXus allows Annaly to wholly own the commercial real estate platform and significantly enhance CreXus’ capabilities and growth through the use of Annaly’s broad capital base.

Annaly’s commercial real estate platform will be headed by Robert Restrick, Managing Director of Annaly. Other new additions are:

Donald Haber – Mr. Haber joined Annaly as a Managing Director, Head of Commercial Real Estate Credit.

Peter Morral – Mr. Morral joined as Executive Director, focused on Origination.

Gary Romaniello –Mr. Romaniello joined as Executive Director, focused on Origination.

Matt Higgins – Mr. Higgins joined as Executive Vice President, focused on Origination.

Michael Jo – Mr. Jo joined Annaly as Associate General Counsel, Head of Legal and Structuring – Commercial Real Estate.

Henry Gom – Mr. Gom joined as Senior Vice President, focused on Origination and Business Development.

Greg Kiely – Mr. Kiely joined as Senior Vice President, focused on Underwriting.

For a complete copy of the company’s news release, please contact:

Annaly Capital Management, Inc.
Investor Relations
1-888-8Annaly

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