The group's principal activities are to provide structured capital solutions to owner or operators of commercial real estate. It is an investment management and real estate finance group that originates or acquires, for its own account and as investment manager for funds under management, loans and debt-related investments in various types of commercial real estate assets and operating companies. The group has designed and developed a fully integrated platform to provide flexible, value-added financing for large single properties, multiple-asset portfolios and real estate operating companies. The group's investment program emphasizes senior and junior mortgage loans, mezzanine loans secured by pledges of equity interests, and subordinated tranches of commercial mortgage backed securities. The group has been approved as a real estate investment trust by the internal revenue code of 1986. The group acquired 75% interest in ct mezzanine partners i llc in 2003.