Welcome to our dedicated page for Franklin BSP Realty Trust news (Ticker: FBRT), a resource for investors and traders seeking the latest updates and insights on Franklin BSP Realty Trust stock.
Franklin BSP Realty Trust, Inc. (symbol: FBRT) is a prominent, publicly-registered, non-traded real estate investment trust (REIT) that focuses on originating, acquiring, and managing a diversified portfolio of commercial real estate debt. The company primarily deals with properties located across the United States.
FBRT boasts a seasoned real estate team with extensive expertise in origination, underwriting, and asset management. Leveraging a comprehensive network of relationships with brokers and borrowers, FBRT drives proprietary deal flow and constructs a robust pipeline of investment opportunities. This allows them to lend against all types of commercial properties throughout the country.
Headquartered in New York, with additional offices in Boca Raton, Charleston (SC), and San Francisco, FBRT maintains a national origination footprint. They invest across the capital structure, with a specific focus on generating attractive risk-adjusted returns. The company originates both fixed and floating rate loans on various commercial property types.
Externally managed by Benefit Street Partners, a leading credit-focused alternative asset management firm, FBRT continues to enhance its portfolio and investment strategies. Recent achievements and ongoing projects underline their unwavering commitment to financial growth and stability. As a result, FBRT remains a significant player in the commercial real estate debt market.
Franklin BSP Realty Trust, Inc. (NYSE: FBRT) has rescheduled its first quarter 2023 earnings conference call to avoid overlap with other commercial real estate industry calls. The earnings results will be released on May 3, 2023, after trading hours, followed by a conference call on May 4, 2023, at 9:30 a.m. ET. Participants can access the call by pre-registering on the Company’s website or by phone. An audio replay will be available on the site approximately one hour post-call for 90 days. As of December 31, 2022, FBRT held approximately $6.2 billion in assets and is externally managed by Benefit Street Partners, a subsidiary of Franklin Resources, Inc.
Franklin BSP Realty Trust, Inc. (NYSE: FBRT) has successfully sold the Williamsburg Hotel in Brooklyn for $96 million, a transaction facilitated by a trustee from the United States Bankruptcy Court. This sale allows FBRT to fully recover its loan principal and gain approximately $20 million beyond closing costs. The hotel loan had been monitored since June 2019, and the proceeds will be reinvested into the company's commercial real estate portfolio. With assets totaling $6.2 billion as of December 31, 2022, FBRT continues to manage its diversified real estate debt investments effectively.
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