FBRT Acquires NewPoint Holdings JV L.L.C. for $425 Million

Franklin BSP Realty Trust has closed its acquisition of NewPoint Holdings JV L.L.C. for $425 million, creating a comprehensive one-stop solution for multifamily lending. The transaction is expected to enhance long-term stockholder value and represents a strategic expansion of FBRT's capabilities in the multifamily lending market.

Franklin BSP Realty Trust, Inc. (FBRT) has completed the acquisition of NewPoint Holdings JV L.L.C. (NewPoint) for $425 million, marking a significant strategic expansion in the multifamily lending market. The acquisition, announced on March 10, 2025, and closed on July 1, 2025, positions FBRT to deliver a comprehensive, one-stop solution for its clients, enhancing long-term stockholder value.

Richard Byrne, CEO of FBRT and Chairman of the FBRT Board of Directors, highlighted the transformational milestone, stating, "This acquisition represents a strategic expansion of our multifamily lending capabilities. The transaction is highly synergistic and positions FBRT to deliver long-term stockholder value through book value growth and enhanced earnings streams" [1].

Michael Comparato, President of FBRT, further commented, "By adding agency lending capabilities onto our platform, we’ve taken a major step toward delivering a fully integrated, 'one-stop shop' solution for our clients. The cultural alignment we recognized early on with NewPoint has only deepened through the closing process and we look forward to executing on future opportunities in partnership with the NewPoint team" [1].

NewPoint Real Estate Capital L.L.C. is a prominent commercial real estate finance company that provides lending solutions to investors of multifamily, affordable housing, seniors housing, healthcare, and manufactured housing properties nationwide. The company leverages technology, data, capital, and the expertise of its industry-leading team to offer loan origination, servicing, execution, and a suite of Agency and curated proprietary products [1].

FBRT, 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, has approximately $5.7 billion of assets as of March 31, 2025 [1]. The acquisition is expected to strengthen FBRT's market position and improve its ability to meet the evolving needs of its clients.

The transaction is subject to various risks and uncertainties, including macroeconomic factors such as inflation, changing interest rates, and economic contraction. Additionally, the financial stability of FBRT's borrowers and the extent of recoveries on delinquent loans are key factors that could impact the outcomes [1].

For further information, investors can refer to FBRT's filings with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and its subsequent filings [1].

References:
[1] https://www.businesswire.com/news/home/20250701497587/en/Franklin-BSP-Realty-Trust-Inc.-Announces-Closing-of-NewPoint-Holdings-JV-L.L.C.-Acquisition