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These shares of common stock of TPG RE Finance Trust, Inc. (the \"Issuer\") were purchased in multiple transactions at prices ranging from $14.605 to $15.12, inclusive.  Ms. Greta Guggenheim undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission (the \"Commission\"), upon request, full information regarding the number of shares purchased at each separate price within the range set forth above.  The purchases reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Ms. Guggenheim."}],"balance_after":471537,"source":{"system":"sec-edgar","filing":"0000899243-20-008451","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1473357/000089924320008451/doc4.xml","form_type":"4"}},{"id":3333852,"issuer":{"id":5358,"kind":"organization","name":"TPG RE Finance Trust, Inc."},"owners":[{"id":67230,"kind":"person","name":"Guggenheim Greta","position":1,"cik":"0001473357","reported_name":"Guggenheim Greta","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"CEO & President"}}],"security":"Common Stock","published_at":"2019-12-20T16:32:42.000Z","date":"2019-12-18","kind":"grant","acquired":true,"shares":64571,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"security","element":"securityTitle","label":"F2","text":"The shares of Common Stock awarded to Ms. Guggenheim will vest ratably in four annual installments beginning on June 30, 2020."}],"balance_after":446537,"source":{"system":"sec-edgar","filing":"0000899243-19-029764","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1473357/000089924319029764/doc4.xml","form_type":"4"}},{"id":3333851,"issuer":{"id":5358,"kind":"organization","name":"TPG RE Finance Trust, Inc."},"owners":[{"id":67230,"kind":"person","name":"Guggenheim Greta","position":1,"cik":"0001473357","reported_name":"Guggenheim Greta","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"CEO & President"}}],"security":"Common Stock","published_at":"2019-12-20T16:32:42.000Z","date":"2019-12-18","kind":"grant","acquired":true,"shares":146198,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"security","element":"securityTitle","label":"F1","text":"The shares of common stock (\"Common Stock\") of TPG RE Finance Trust, Inc. awarded to Ms. Greta Guggenheim will vest ratably in two annual installments beginning on December 31, 2020."}],"balance_after":381966,"source":{"system":"sec-edgar","filing":"0000899243-19-029764","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1473357/000089924319029764/doc4.xml","form_type":"4"}},{"id":3467977,"issuer":{"id":5358,"kind":"organization","name":"TPG RE Finance Trust, Inc."},"owners":[{"id":67230,"kind":"person","name":"Guggenheim Greta","position":1,"cik":"0001473357","reported_name":"Guggenheim Greta","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"CEO & President"}}],"security":"Class A Common Stock","published_at":"2019-07-03T16:31:07.000Z","date":"2019-07-01","kind":"other","acquired":false,"shares":29269,"price":19.28,"value":564306.32,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F1","text":"Pursuant to the Articles of Amendment and Restatement of TPG RE Finance Trust, Inc. 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These shares of common stock (\"Common Stock\") of TPG RE Finance Trust, Inc. (the \"Issuer\") were purchased in multiple transactions at prices ranging from $18.10 to $18.60, inclusive.  Ms. Greta Guggenheim undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission (the \"Commission\"), upon request, full information regarding the number of shares purchased at each separate price within the range set forth above.  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Upon vesting, the shares of Class A Common Stock will be delivered to Ms. Guggenheim."},{"field":"derivative.exercise_price","element":"conversionOrExercisePrice","label":"F4","text":"Pursuant to the Articles of Amendment and Restatement of the Issuer, each share of Class A Common Stock is convertible at any time or from time to time, at the option of the holder, for one share of Common Stock."},{"field":"derivative.exercise_date","element":"exerciseDate","label":"F4","text":"Pursuant to the Articles of Amendment and Restatement of the Issuer, each share of Class A Common Stock is convertible at any time or from time to time, at the option of the holder, for one share of Common Stock."},{"field":"derivative.expiration_date","element":"expirationDate","label":"F4","text":"Pursuant to the Articles of Amendment and Restatement of the Issuer, each share of Class A Common Stock is convertible at any time or from time to time, at the option of the holder, for one share of Common Stock."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F2","text":"On December 13, 2017, Ms. Guggenheim acquired shares of Class A common stock (\"Class A Common Stock\") of the Issuer from TPG RE Finance Trust Management, L.P. (the \"Manager\"), the Issuer's external manager, pursuant to a grant made by the Manager to Ms. Guggenheim in accordance with the terms of a compensatory plan adopted by the Manager.  The Manager acquired the shares of Class A Common Stock prior to the completion of the Issuer's initial public offering and granted the shares to Ms. Guggenheim as compensation for services Ms. Guggenheim provided to the Issuer.  The shares of Class A Common Stock are subject to the terms of a lock-up agreement entered into by Ms. Guggenheim in connection with the Issuer's initial public offering."},{"field":"ownership.nature","element":"natureOfOwnership","label":"F3","text":"The shares of Class A Common Stock awarded to Ms. Guggenheim will vest ratably in four annual installments beginning on June 30, 2018.  Upon vesting, the shares of Class A Common Stock will be delivered to Ms. Guggenheim."}],"balance_after":29950,"derivative":{"underlying":"Common Stock","underlying_shares":20576},"source":{"system":"sec-edgar","filing":"0000899243-17-028730","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1473357/000089924317028730/doc4.xml","form_type":"4"}},{"id":4131665,"issuer":{"id":5358,"kind":"organization","name":"TPG RE Finance Trust, Inc."},"owners":[{"id":67230,"kind":"person","name":"Guggenheim Greta","position":1,"cik":"0001473357","reported_name":"Guggenheim Greta","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"CEO & President"}}],"security":"Common Stock","published_at":"2017-12-14T18:56:16.000Z","date":"2017-12-13","kind":"grant","acquired":true,"shares":12860,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"security","element":"securityTitle","label":"F1","text":"The shares of common stock (\"Common Stock\") of TPG RE Finance Trust, Inc. (the \"Issuer\") awarded to Ms. Greta Guggenheim will vest ratably in four annual installments beginning on June 30, 2018.  The shares of Common Stock are subject to the terms of a lock-up agreement entered into by Ms. Guggenheim in connection with the Issuer's initial public offering."}],"balance_after":22860,"source":{"system":"sec-edgar","filing":"0000899243-17-028730","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1473357/000089924317028730/doc4.xml","form_type":"4"}},{"id":4144260,"issuer":{"id":5358,"kind":"organization","name":"TPG RE Finance Trust, Inc."},"owners":[{"id":67230,"kind":"person","name":"Guggenheim Greta","position":1,"cik":"0001473357","reported_name":"Guggenheim Greta","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"CEO & President"}}],"security":"Common Stock","published_at":"2017-12-04T18:43:32.000Z","date":"2017-12-01","kind":"purchase","acquired":true,"shares":5000,"price":19.19,"value":95950.0,"ownership":{"direct":true},"balance_after":10000,"source":{"system":"sec-edgar","filing":"0000899243-17-027904","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1473357/000089924317027904/doc4.xml","form_type":"4"}},{"id":4144259,"issuer":{"id":5358,"kind":"organization","name":"TPG RE Finance Trust, Inc."},"owners":[{"id":67230,"kind":"person","name":"Guggenheim Greta","position":1,"cik":"0001473357","reported_name":"Guggenheim Greta","relationship":{"director":true,"officer":true,"ten_percent_owner":false,"other":false,"officer_title":"CEO & President"}}],"security":"Common Stock","published_at":"2017-12-04T18:43:32.000Z","date":"2017-11-30","kind":"purchase","acquired":true,"shares":5000,"price":19.19,"value":95950.0,"ownership":{"direct":true},"balance_after":5000,"source":{"system":"sec-edgar","filing":"0000899243-17-027904","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1473357/000089924317027904/doc4.xml","form_type":"4"}}]}