Rithm Capital acquires Paramount Group for $1.6B in all-cash deal at $6.60/share

Rithm Capital Corp.

Total cash consideration of ~$1.6B; each Paramount share receives $6.60.
Paramount portfolio includes 13 owned and 4 managed Class A office properties, 13.1M sq ft, 85.4% leased as of June 30, 2025.
Transaction expected to close late Q4 2025, subject to Paramount stockholder approval and other conditions.
Rithm will fund with balance sheet cash, liquidity, and potential co-investor opportunities.
Rithm CEO calls it a 'generational opportunity' to build out commercial real estate platform.

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