---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-070205"
form_type: "8-K"
ticker: "RPT"
cik: "0001614806"
company_name: "Rithm Property Trust Inc."
filed_at: "2024-06-11T23:59:59+00:00"
generated_at: "2026-06-01T05:03:51.524029+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Great Ajax closes strategic transaction with Rithm; CEO Mendelsohn replaced by Nierenberg

## Summary
- CEO Lawrence A. Mendelsohn resigned; Michael Nierenberg appointed as CEO effective June 11, 2024.
- Board reconstituted to five members: two existing directors, one new independent, one Rithm nominee, one vacancy.
- CFO Mary B. Doyle resigned; continues as principal financial/accounting officer via consulting arrangement with RCM GA.
- Entered termination with manager Thetis Asset Management; issued 3,174,645 shares as termination fee payment.
- Strategic transaction with Rithm closed; includes $70M term loan and stock/warrant issuance for note repayment.

## SEC filing metadata
- accession: 0001104659-24-070205
- form_type: 8-K
- ticker: RPT
- cik: 0001614806
- company_name: Rithm Property Trust Inc.
- filed_at: 2024-06-11T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1614806/000110465924070205/0001104659-24-070205-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1614806/000110465924070205/tm2416458d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-070205
- JSON: https://secwatch.observer/filing/0001104659-24-070205.json
- Plain text: https://secwatch.observer/filing/0001104659-24-070205.txt

## Key facts
- Executive change
  Lawrence A. Mendelsohn resigned as Chief Executive Officer at Rithm Property Trust Inc..
  - Action: resigned
  - Role: Chief Executive Officer
  source text: On June 11, 2024, in connection with the closing of the Transaction, Lawrence A. Mendelsohn resigned from his position as Chief Executive Officer of the Company, and the Company appointed Michael Nierenberg to serve as its Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1614806/000110465924070205/0001104659-24-070205-index.htm
- Executive change
  Mary B. Doyle resigned as Chief Financial Officer at Rithm Property Trust Inc..
  - Action: resigned
  - Role: Chief Financial Officer
  source text: In connection with the closing of the Transaction, Mary B. Doyle resigned from her position as Chief Financial Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1614806/000110465924070205/0001104659-24-070205-index.htm
- Executive change
  Michael Nierenberg was appointed as Chief Executive Officer at Rithm Property Trust Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: the Company appointed Michael Nierenberg to serve as its Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1614806/000110465924070205/0001104659-24-070205-index.htm
- Executive change
  Michael Nierenberg was appointed as Director at Rithm Property Trust Inc..
  - Action: nominated
  - Role: Director
  source text: one member, Michael Nierenberg, that was nominated by Rithm
  evidence_url: https://www.sec.gov/Archives/edgar/data/1614806/000110465924070205/0001104659-24-070205-index.htm
- Executive change
  Daniel Hoffman was elected as Director at Rithm Property Trust Inc..
  - Action: elected
  - Role: Director
  source text: one member, Daniel Hoffman, that is a newly elected independent director of the Company
  evidence_url: https://www.sec.gov/Archives/edgar/data/1614806/000110465924070205/0001104659-24-070205-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.