secwatch.observer — SEC 8-K summary
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Issuer:     BrightSpire Capital, Inc. (BRSP)
CIK:        0001717547
Form:       8-K
Filed at:   2026-09-16T20:14:37+00:00
Accession:  0001717547-26-000065
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BrightSpire sells two industrial properties for $300M; records ~$60.4M pro forma gain
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- Total consideration $300.0M: assumption of $94.0M mortgage, $106.0M mezzanine loans plus $97.9M cash net.
- Sale of properties in Tolleson, AZ and Tracy, CA closed Sept 14, 2026.
- Pro forma gain on sale of $60.4M as if deal completed Jan 1, 2025.
- Pro forma 2025 net income swings from $31.1M loss to $27.7M gain.
- Pro forma cash rises ~$97.9M to $166.0M at June 30, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1717547/000171754726000065/0001717547-26-000065-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1717547/000171754726000065/brsp-20260914.htm
  HTML page:      https://secwatch.observer/filing/0001717547-26-000065

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer