TPG RE Finance Trust Inc. commenced a public offering of 7 million common shares.

It expects to grant the underwriters a 30-day option to buy up to an additional 1,050,000 common shares.

The commercial real estate finance company plans to use the net proceeds to originate or acquire loans secured by institutional quality commercial properties, primarily first mortgage loans, and other investments involving commercial real estate. A portion of the net proceeds may be used for working capital and other general corporate purposes, which may include repayment of outstanding debt under the company's secured revolving repurchase agreements and senior secured credit facility with Bank of America NA.

Citigroup and Goldman Sachs & Co. LLC are serving as joint book-running managers for the offering.