Franklin BSP Realty Trust acquires NewPoint Holdings for $318.75M cash plus equity units

Franklin BSP Realty Trust, Inc.

Cash consideration of $318.75M plus 8,385,951 Class A Units of Purchaser OP; expected close in Q3 2025.
Acquisition adds agency lending capabilities and NewPoint's $54.7B servicing portfolio.
Expected to be accretive to GAAP EPS by 1H 2026 and fully converted distributable EPS by 2H 2026.
FBRT plans to finance the deal via existing cash, debt, and equity; combined entity aims for premium to book value.
NewPoint is one of 19 multifamily originators/servicers approved by GSEs (Fannie Mae, Freddie Mac, HUD).

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