M&A
confidence high
sentiment neutral
materiality 0.75
Rithm Property Trust invests $50M for 3.9% minority stake in Paramount Group office portfolio
Rithm Property Trust Inc.
- Acquired ~3.9% LP interests in Aggregators owning PG Operating Partnership for $50M cash; up to $7.5M additional contingent.
- Portfolio includes 10 office properties: 1633 Broadway, 1301/1325/712 Fifth Ave, etc. in NYC and One Market Plaza in San Francisco.
- Investment recorded at fair value; changes in fair value recognized in other income (loss).
- Transaction closed Dec 19, 2025; this amendment provides audited financials of PGRE (FY2024, 9mo2025) and pro forma narrative.