Denise Olsen will join Claros Mortgage Trust, Inc.'s board as an independent director effective March 2, 2026, and will serve on the Audit Committee.

Claros Mortgage Trust, Inc. (NYSE: CMTG) (the "Company" or "CMTG") today announced that Denise Olsen has been appointed to its Board of Directors effective as of March 2, 2026. Ms. Olsen will serve as an independent director and a member of the Audit Committee. CMTG also announced that Vincent Tese advised CMTG's Board that he will not stand for re-election at the Company's Annual Meeting as a result of his decision to retire from the Board at the end of his current term.

Ms. Olsen brings over 30 years of investment management experience across private and public real estate and related asset classes. Most recently, she served as a Senior Managing Director and Investment Committee member at GEM Realty Capital, and earlier in her career held investment roles at JMB Realty Corporation and EVEREN Securities. Ms. Olsen has served on the Board of Directors of First Industrial Realty Trust, Inc. (NYSE: FR) since 2017 and of PRP Real Assets since 2025, and previously was a member of the Board of Directors of CyrusOne, Inc. (NASDAQ: CONE). She holds a B.S. in Economics from The Wharton School at the University of Pennsylvania.

"We are pleased to welcome Denise Olsen to our Board," said Richard Mack, Chief Executive Officer and Chairman of CMTG. "Denise brings extensive real estate and public company board experience that will be valuable to the company and our shareholders as we continue to execute our business strategy."

"On behalf of the Board, I want to thank Vince for his leadership and service to CMTG. Vince has been a valuable member of the Board since our Company's initial public offering. We deeply appreciate his contributions and the perspectives he has provided over the years," added Mack.

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