Rithm Property Trust Announces Public Offering of Common Stock

About this update from Rithm Property Trust Inc.

NEW YORK, July 13, 2026 --( BUSINESS WIRE )--Rithm Property Trust Inc. (NYSE: RPT, "RPT" or the "Company") announced today the commencement of a public offering of the Company's common stock (the "Offering"). In connection with the Offering, the Company expects to grant the underwriters an option for a period of 30 days to purchase an additional 15% of the number of shares of common stock sold in the Offering solely to cover over-allotments. Goldman Sachs & Co. LLC, RBC Capital Markets, LLC, UBS Investment Bank, Wells Fargo Securities, LLC, BTIG, LLC, Keefe, Bruyette & Woods, Inc. and Piper Sandler & Co are acting as book-running managers for the Offering. An affiliate of Rithm Capital Corp., a Delaware corporation (together with its subsidiaries, "Rithm Capital") and an affiliate of the Manager of the Company, has indicated an interest in purchasing shares of the Company's common stock and, under certain circumstances, shares of a new class of non-voting convertible preferred stock, in a concurrent private placement transaction (the "Concurrent Private Placement") at a per-share price equal to the public offering price in the Offering. The closing of any Concurrent Private Placement is expected to be conditioned on and to occur promptly following the closing of the Offering. The Company intends to use the net proceeds from the Offering and Concurrent Private Placement, together with available cash on hand and borrowings under the Company's master repurchase facility, to acquire a portfolio of multifamily residential transition loans from affiliates of Rithm Capital, and for other investments and general corporate purposes. The Offering is being made pursuant to the Company's effective shelf registration statement filed with the Securities and Exchange Commission (the "SEC"). The Offering is being made only by means of a prospectus and a related prospectus supplement. Prospective investors should read the prospectus supplement and the prospectus in that registration statement and other documents the Company has filed or will file with the SEC for more complete information about the Company and the Offering. You may obtain these documents for free by visiting EDGAR on the SEC's website at www.sec.gov . Alternatively, copies of the prospectus supplement and the prospectus may be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone:1-866-471-2526, facsimile: 1-212-902-9316, or by emailing [email protected] ; RBC Capital Markets, LLC, Attention: DCM Transaction Management, Brookfield Place, 200 Vesey Street, 8th Floor, New York, New York 10281, email: [email protected] ; UBS Securities LLC, 11 Madison Avenue, New York, New York 10010, Attention: Prospectus Department, telephone number: 1-833-481-0269; Wells Fargo Securities, LLC, 608 2nd Avenue South, Minneapolis, Minnesota 55402, Attention: WFS Customer Service, email: [email protected] or by calling toll-free at 1-800-645-3751; BTIG, LLC, Attention: 65 East 55th Street, New York, New York 10022, or by email at [email protected] ; Keefe, Bruyette & Woods, Inc., A Stifel Company at 787 Seventh Avenue, Fourth Floor, New York, New York 10019, by email: [email protected] or by calling: 1-800-966-1559; or Piper Sandler & Co., 1251 Avenue of the Americas, 6th Floor, New York, New York 10020, Attention: FSG-DCM, toll-free: 1-866-805-4128, email: [email protected] .

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