Extracted from this filing and checked against the source text.
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
BrightSpire Capital, Inc. entered into Purchase and Sale Agreement with ALTOAZ001 LLC and ALTRCA001 LLC (together, the Purchasers) valued at $300,000,000 (effective 2026-06-12).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- ALTOAZ001 LLC and ALTRCA001 LLC (together, the Purchasers)
- Value
- $300,000,000
- Effective
- 2026-06-12
Exact text from the filing
On June 12, 2026, (the "Effective Date"), CLNC NNN Alberts AZ, LLC, a Delaware limited liability company, and CLNC NNN Alberts CA, LLC, a Delaware limited liability company (together, the "Sellers", which are subsidiaries of BrightSpire Capital, Inc., the "Company"), entered into an Agreement for Purchase and Sale of Real Estate (the "Purchase and Sale Agreement"), with ALTOAZ001 LLC, a Delaware limited liability company, and ALTRCA001 LLC, a Delaware limited liability company (together, the "Purchasers"), whereby the Purchasers agreed to acquire (the "Acquisition") two industrial real properties and improvements located in Tolleson, Arizona and Tracy, California (the Company's "Net Lease 1 Investment"). The total consideration for the Net Lease 1 Investment is $300,000,000 (the "Purchase Price"), subject to the prorations and adjustments described in the Purchase and Sale Agreement.
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