Franklin BSP Realty Trust closes $425M acquisition of NewPoint multifamily lender

Franklin BSP Realty Trust, Inc.

Total consideration of $425M: $318.75M cash plus 8,385,951 Class A Units of FBRT OP LLC.
Acquisition adds agency lending capabilities, creating a 'one-stop shop' for multifamily clients.
CEO Richard Byrne calls the deal a transformational milestone for book value growth and earnings.
Class A Units redeemable after 12 months for cash or one share of FBRT common stock per unit.

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