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Franklin BSP Realty Trust, Inc. Announces Acquisition of NewPoint Holdings JV LLC

Franklin BSP Realty Trust, Inc. (FBRT) 
Company Research Source: Business Wire
Creating a Comprehensive One-Stop Client Solution, Enhancing Long-Term Stockholder Value NEW YORK--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) (“FBRT” or the “Company”), a leading real estate investment trust, today announced that it has entered into a definitive agreement to acquire NewPoint Holdings JV LLC (“NewPoint”), a privately held commercial real estate finance company headquartered in Plano, Texas. The transaction is expected to close in the third quarter of 2025, subject to customary closing conditions, including regulatory approvals.Richard Byrne, CEO of FBRT and Chairman of the FBRT Board of Directors, said, “We are pleased to announce our acquisition of NewPoint, which is a transformative transaction for FBRT. This strategic expansion of our multifamily lending offerings significantly increases our total addressable market in our highest conviction sector. We anticipate this transaction will enable FBRT to deliver long-term stockholder value and creat Show less Read more
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