OceanFirst completes $1.3B sale of NYC multifamily loans post-Flushing merger

OCEANFIRST FINANCIAL CORP

Sold $1.3B multifamily loan portfolio, largely NYC metro, majority rent-regulated.
Post-sale, loans with >50% rent-regulated units represent less than 2.5% of total assets.
Portfolio included 1,400+ loans; $736M had rent-regulated exposure.
Purchase price consistent with initial valuation estimates at acquisition announcement.
BofA Securities served as exclusive financial advisor and selling agent.

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