Consolidated Balance Sheets - USD ($) $ in Thousands		Dec. 31, 2018	Dec. 31, 2017
ASSETS
Cash and Cash Equivalents	[1]	$ 39,720	$ 75,037
Restricted Cash	[1]	1,000	700
Accounts Receivable	[1]	38	141
Accounts Receivable from Servicer/Trustee	[1]	96,464	220
Accrued Interest Receivable	[1]	20,731	16,861
Loans Held for Investment, net (includes $2,219,574 and $2,694,106 pledged as collateral under secured revolving repurchase and secured credit agreements)		4,293,787	3,175,672
Investment in Commercial Mortgage-Backed Securities, Available-for-Sale (includes $36,307 and $47,762 pledged as collateral under secured revolving repurchase agreements)		74,381	85,895
Other Assets, Net	[1]	669	859
Total Assets	[1]	4,526,790	3,355,385
Liabilities
Accrued Interest Payable	[1]	6,146	5,385
Accrued Expenses	[1]	8,151	5,067
Collateralized Loan Obligations (net of deferred financing costs of $12,447 and $0)	[1]	1,509,930
Secured Revolving Repurchase, Senior Secured, and Secured Credit Agreements (net of deferred financing costs of $10,448 and $8,697)		1,494,078	1,827,104
Term Loan Facility (net of deferred financing costs of $758 and $0)	[1]	113,504
Asset-Specific Financings (net of deferred financing costs of $129 and $1,601)	[1]	32,371	287,886
Payable to Affiliates	[1]	5,996	5,227
Deferred Revenue	[1]	463	317
Dividends Payable	[1]	28,981	23,068
Total Liabilities	[1]	3,199,620	2,154,054
Commitments and Contingencies—See Note 14	[1]
Stockholders’ Equity:
Preferred Stock ($0.001 par value; 100,000,000 shares authorized; 0 and 125 shares issued and outstanding, respectively)	[1]
Additional Paid-in-Capital	[1]	1,355,002	1,216,112
Accumulated Deficit	[1]	(25,915)	(14,808)
Accumulated Other Comprehensive (Loss)		(1,985)	(34)
Total Stockholders' Equity	[2]	1,327,170	1,201,331
Total Liabilities and Stockholders' Equity	[1]	4,526,790	3,355,385
Common Stock, Undefined Class
Stockholders’ Equity:
Common Stock Value	[1]	67	60
Class A Common Stock
Stockholders’ Equity:
Common Stock Value	[1]	1	1
Total Stockholders' Equity		$ 1	$ 1

[1] The Company’s consolidated Total Assets and Total Liabilities at December 31, 2018 include VIE assets and liabilities of $1.9 billion and $1.5 billion, respectively. These assets were available only to satisfy obligations of the VIE, and creditors of the VIE had recourse only to those assets, and not to TPG RE Finance Trust, Inc. At December 31, 2017, there were no VIE assets or liabilities recorded in the Company’s Total Assets and Total Liabilities. See Note 5 to the Consolidated Financial Statements for details

[2] Shares issued and shares outstanding reflect the impact of the common stock and Class A common stock dividend which was paid upon completion of the Company’s initial public offering on July 25, 2017 to holders of record as of July 3, 2017. See Note 12 to the Consolidated Financial Statements for details.