March 2024 Investor Day Recap

OUR MISSION

To make quality housing, whether rented or owned, accessible to all American households.

“At Redwood Trust, we are completely focused on real estate investing. We aim to create attractive investments for shareholders by maintaining a value-investing discipline, a highly efficient balance sheet, professional operations, strong market positions, and an entrepreneurial culture."
– George Bull, Co-Founder of Redwood

REDWOOD TRUST TIMELINE

1994
Redwood Trust founded by George Bull and Doug Hansen, along with Frederick Borden, on August 19, 1994
1995
Redwood Trust becomes a publicly traded company on August 3, 1995, rasing $48 million of capital in the Company's initial public offering
1996
Redwood prices first follow-on equity offering, raising $50 million of capital
1997
Redwood surpasses $500 million market capitalization for the first time
1997
Redwood launches its Sequoia Residential Mortgage-Backed Securitization (RMBS) program under the SEMT shelf
2003
Redwood surpasses $1 billion market capitalization for the first time
2005
Redwood surpasses $25 billion in Sequoia (SEMT) securitized collateral
2006
Redwood publishes inaugural Redwood Review
2008
Redwood surpasses $1 billion in dividends declared since inception
2009
Redwood expands commercial focus
2009
Redwood is one of the first companies to complete a follow-on equity offering following the Great Financial Crisis of 2008 (January 2009)
2010
Redwood funds first commercial mezzanine loan
2010
Redwood issues the market’s first private-label RMBS (SEMT 2010-H1) since the Great Financial Crisis of 2008
2010
Redwood launches residential mortgage flow conduit program
2010
Marty Hughes named Chief Executive Officer; George Bull remains Chair of the Board
2012
George Bull retires as Chair of the Board; Richard Baum named independent Chair and Doug Hansen named Vice Chair
2013
Redwood enters the Agency (GSE) conforming residential loan market
2014
Redwood prices $200 million inaugural exchangeable (convertible) notes offering
2015
Redwood becomes the first company to complete proprietary credit risk transfer transactions with both GSEs (2014 with Fannie Mae and 2015 with Freddie Mac)
2017
Marty Hughes retires as Chief Executive Officer; Christopher Abate named Chief Executive Officer
2018
Redwood announces minority stake in 5 Arches, LLC (“5 Arches”), an originator of business purpose loans
2019
Redwood completes full acquisition of 5 Arches
2019
Redwood prices 100th SEMT Securitization
2019
Redwood surpasses $50 billion in Sequoia (SEMT) securitized collateral
2019
Redwood expands further into business purpose lending with the acquisition of CoreVest American Finance Lender, LLC ("CoreVest")
2020
Redwood surpasses $2 billion in dividends declared since inception
2021
Redwood includes blockchain technology for the first time in a private-label securitization
2021
Redwood prices first ever securitization backed by Home Equity Investment (HEI) options
2021
Redwood launches RWT Horizons, home-grown venture investment arm, and announces first technology investments in early-stage startups focused on the real estate property and financial sectors
2021
Redwood’s CoreVest division prices 20th Securitization of business purpose loans through its CAFL securitization program
2022
Redwood’s CoreVest division surpasses $20 billion of loan fundings since inception
2022
Redwood publishes inaugural Environment, Social, Governance (“ESG”) report in alignment with SASB reporting framework
2022
Redwood announces acquisition of Riverbend Funding, LLC (“Riverbend”), an originator of business purpose loans
2022
Richard Baum retires as Chair of the Board; Greg Kubicek named independent Chair of the Board of Directors
2023

Redwood announces joint venture to invest in CoreVest originated bridge loans with Oaktree

2023
Redwood prices inaugural cumulative redeemable preferred offering, raising $70 million in gross proceeds
2023
Redwood prices 120th SEMT securitization
2023

Redwood Trust launches in-house home equity investment (“HEI”) platform, Aspire, directly originating HEI for homeowners

2024

Redwood announces strategic partnership with CPP Investments, including a $500 million joint venture and a $250 million financing facility

2024

Redwood Residential launches new closed-end second lien product to its seller network

2024

Redwood hosts investor day and rings the opening bell at the New York Stock Exchange

Redwood Team rings the opening bell

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