Rithm Capital Acquires Paramount Group in $1.5 Billion Deal

Rithm Capital Corp. acquired Paramount Group, Inc. from Vanguard, BlackRock, and others for $1.5 billion. Rithm will pay $6.6 per share in cash, funded by preferred and common equity financing and commercial mortgage-backed securities debt financing. The transaction is subject to customary closing conditions and is expected to close in late Q4 2025. Paramount's board has unanimously approved the deal, and Albert Behler, Chairman, CEO, and President, will depart the company.