---
schema_version: "secwatch.filing_event.v1"
accession: "0001717547-26-000053"
form_type: "8-K"
ticker: "BRSP"
cik: "0001717547"
company_name: "BrightSpire Capital, Inc."
filed_at: "2026-06-16T21:11:04+00:00"
generated_at: "2026-06-16T21:12:28.745293+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# BrightSpire agrees to sell two industrial properties for $300M by Sept 2026

## Summary
- Total consideration $300M, subject to adjustments; expected close by September 14, 2026.
- Properties in Tolleson, AZ (400 S 99th Ave) and Tracy, CA (16900 W Schulte Rd), leased to Albertsons/Safeway.
- Sale part of strategy to rotate out of owned real estate into first mortgage loans.
- As of March 31, 2026, GAAP carrying value ~$239M; undepreciated carrying value ~$306M (incl. $14M rent receivable).
- Purchase includes assumption of $94M mortgage loan and $106M mezzanine loan by Purchaser affiliates.

## SEC filing metadata
- accession: 0001717547-26-000053
- form_type: 8-K
- ticker: BRSP
- cik: 0001717547
- company_name: BrightSpire Capital, Inc.
- filed_at: 2026-06-16T21:11:04+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1717547/000171754726000053/0001717547-26-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1717547/000171754726000053/brsp-20260612.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001717547-26-000053
- JSON: https://secwatch.observer/filing/0001717547-26-000053.json
- Plain text: https://secwatch.observer/filing/0001717547-26-000053.txt

## Key facts
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1717547/000171754726000053/0001717547-26-000053-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.