Business
Franklin BSP Realty Trust, Inc. FBRT Converts Largest REO Asset into Performing Investment Through Strategic Sale and Financing
NEW YORK, April 02, 2026--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) ("FBRT" or "the Company") today announced the successful disposition of its largest foreclosure real estate owned (REO) asset, a multifamily property located in Raleigh, North Carolina, which closed on April 1, 2026. The sale marks an important step in the Company’s ongoing strategy to recycle capital out of non-performing assets and redeploy it into higher-yielding opportunities. While the transaction was completed at a disc
About this update from Franklin Bsp Realty Trust, Inc.
[{"type":"text","content":"NEW YORK, April 02, 2026--(BUSINESS WIRE)--Franklin BSP Realty Trust, Inc. (NYSE: FBRT) ("FBRT" or "the Company") today announced the successful disposition of its largest foreclosure real estate owned (REO) asset, a multifamily property located in Raleigh, North Carolina, which closed on April 1, 2026. The sale marks an important step in the Company’s ongoing strategy to recycle capital out of non-performing assets and redeploy it into higher-yielding opportunities. While the transaction was completed at a discount to carrying value, the Company views the outcome as a constructive advancement in resolving legacy assets and strengthening overall portfolio performance.","length":696,"tagName":"p"},{"type":"text","content":""The successful disposition of our largest REO asset represents a meaningful milestone in unlocking value across our portfolio," said Brian Buffone, President of FBRT. "We remain well positioned to execute additional REO resolutions in the near term, as we continue to prioritize redeploying capital into performing loans and driving forward momentum."","length":372,"tagName":"p"},{"type":"text","content":"In connection with the sale, FBRT also provided financing to the buyer, immediately converting the asset into an income-generating investment.","length":142,"tagName":"p"},{"type":"text","content":""This transaction underscores our ability to transform a non-performing asset into a performing one in a single step, with an immediate positive impact on earnings," said Michael Comparato, Chief Executive Officer of FBRT. "While we are not fully beyond the challenges associated with our 2021–2022 originations, we are closer than ever to that inflection point and encouraged by the progress we are making."","length":428,"tagName":"p"},{"type":"text","content":"About Franklin BSP Realty Trust, Inc.","length":37,"tagName":"p"},{"type":"text","content":"Franklin BSP Realty Trust, Inc. (NYSE: FBRT) is a real estate investment trust that originates, acquires and manages a diversified portfolio of commercial real estate debt secured by properties located in the United States. As of December 31, 2025, FBRT had approximately $6.1 billion in assets. FBRT is externally managed by Benefit Street Partners L.L.C., a wholly owned subsidiary of Franklin Resources, Inc. For ...