# EDGAR Filing Document

**Accession Number:** 0001614806
**File Stem:** 0000905148-25-003825
**Filing Date:** 2025-11
**Character Count:** 11918
**Document Hash:** 8b77e11800f8f8fab0d8797f5ac30730
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000905148-25-003825.hdr.sgml**: 20251107

**ACCESSION NUMBER**: 0000905148-25-003825

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G/A

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20251107

**DATE AS OF CHANGE**: 20251107

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Rithm Property Trust Inc.
- **CENTRAL INDEX KEY:** 0001614806
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 465211780
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-88711
- **FILM NUMBER:** 251462939

**BUSINESS ADDRESS:**
- **STREET 1:** 799 BROADWAY
- **STREET 2:** FLOOR 8
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** (646) 868-5483

**MAIL ADDRESS:**
- **STREET 1:** 799 BROADWAY
- **STREET 2:** FLOOR 8
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Great Ajax Corp.
- **DATE OF NAME CHANGE:** 20140724
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Beach Point Capital Management LP
- **CENTRAL INDEX KEY:** 0001453885

**ORGANIZATION NAME:**
- **EIN:** 800242162
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G/A

**BUSINESS ADDRESS:**
- **STREET 1:** 1620 26TH STREET
- **STREET 2:** SUITE 6000N
- **CITY:** SANTA MONICA
- **STATE:** CA
- **ZIP:** 90404
- **BUSINESS PHONE:** (310) 996-9700

**MAIL ADDRESS:**
- **STREET 1:** 1620 26TH STREET
- **STREET 2:** SUITE 6000N
- **CITY:** SANTA MONICA
- **STATE:** CA
- **ZIP:** 90404

## Exhibit 99.1

#### EXHIBIT I

#### Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company or Control Person

Beach Point GP LLC is the sole general partner and therefore control person of Beach Point Capital Management LP, an investment adviser registered under Section 203 of the Investment Advisers Act of 1940.

## Exhibit 99.2

#### EXHIBIT II

#### Joint Filing Agreement

THIS JOINT FILING AGREEMENT is entered into as of November 7, 2025, by and among the parties signatories hereto. The undersigned hereby agree that the Statement on Schedule 13G with respect to the shares of Common Stock, par value $0.01 per share, of Rithm Property Trust Inc. is, and any amendment thereafter signed by each of the undersigned shall be, filed on behalf of each undersigned pursuant to and in accordance with the provisions of Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended.

<u>November 7, 2025</u>

Date

Beach Point Capital Management LP

<u>/s/ David Rosenblum</u>

Signature

<u>David Rosenblum, General Counsel</u>

Name/Title

<u>November 7, 2025</u>

Date

Beach Point GP LLC

<u>/s/ David Rosenblum</u>

Signature

<u>David Rosenblum, General Counsel</u>

<br> Name/Title

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**(Amendment No. 4)**

**Issuer:** Rithm Property Trust Inc.

**Title of Class of Securities:** Common Stock, par value $0.01 per share

**CUSIP Number:** 38983D300

**Date of Event Which Requires Filing of this Statement:** 09/30/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [x] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [ ] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Beach Point Capital Management LP | Names of Reporting Persons<br>Beach Point Capital Management LP |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>494985 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>494985 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>494985 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>494985 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>1.1% | Percent of Class Represented by Amount in Row (9)<br>1.1% |
| 12. | Type of Reporting Person (See Instructions)<br>IA | Type of Reporting Person (See Instructions)<br>IA |

**Comment for Type of Reporting Person:** **see Note 1**

---

| 1. | Names of Reporting Persons<br>Beach Point GP LLC | Names of Reporting Persons<br>Beach Point GP LLC |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>DE | Citizenship or Place of Organization<br>DE |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>494985 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>494985 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>494985 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>494985 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>1.1% | Percent of Class Represented by Amount in Row (9)<br>1.1% |
| 12. | Type of Reporting Person (See Instructions)<br>HC | Type of Reporting Person (See Instructions)<br>HC |

**Comment for Type of Reporting Person:** **see Note 1**

---

**Item 1(a). Name of Issuer:**
Rithm Property Trust Inc.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
799 Broadway, New York, New York, 10003

**Item 2(a). Name of Person Filing:**
Beach Point Capital Management LP ("Beach Point Capital")
Beach Point GP LLC ("Beach Point GP")

**Item 2(b). Address of Principal Business Office:**
c/o Beach Point Capital Management LP, 1620 26th Street, Suite 6000n, Santa Monica, CA 90404

**Item 2(c). Citizenship:**
Beach Point Capital - Delaware
Beach Point GP - Delaware

**Item 2(d). Title of Class of Securities:**
Common Stock, par value $0.01 per share

**Item 2(e). CUSIP Number:**
38983D300

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [x] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [x] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

494,985 by each of Beach Point Capital and Beach Point GP (collectively, "Beach Point"). **see Note 1**
The Common Stock reported as beneficially owned by Beach Point in this Schedule 13G includes 494,985 shares of Common Stock held by certain clients of Beach Point (the "Clients").

**(b) Percent of class:**

1.1% by each of Beach Point Capital and Beach Point GP. The percent of class is based on 45,420,752 shares of Common Stock outstanding as of July 28, 2025, as reported in the Issuer's quarterly report on Form 10-Q filed on July 31, 2025.

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

Beach Point Capital - 0
Beach Point GP - 0

**(ii) Shared power to vote or to direct the vote:**

Beach Point Capital - 494,985 **see Note 1**
Beach Point GP - 494,985 **see Note 1**

**(iii) Sole power to dispose or to direct the disposition of:**

Beach Point Capital - 0
Beach Point GP - 0

**(iv) Shared power to dispose or to direct the disposition of:**

Beach Point Capital - 494,985 **see Note 1**
Beach Point GP - 494,985 **see Note 1**

**Item 5. Ownership of Five Percent or Less of a Class.**

[ ] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

While Beach Point Capital and Beach Point GP may each be deemed the beneficial owner of the shares of Common Stock of the Issuer, each of the reporting persons is the beneficial owner of such stock on behalf of the Clients who have the right to receive and the power to direct the receipt of the dividends from, or the proceeds of the sale of, such Common Stock.

**Item 7. Identification and Classification of the Subsidiary**

See Exhibit I

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Beach Point Capital Management LP**

**Date:** 11/07/2025

**By:** /s/ David Rosenblum

**Name & Title:** David Rosenblum, General Counsel

**Beach Point GP LLC**

**Date:** 11/07/2025

**By:** /s/ David Rosenblum

**Name & Title:** David Rosenblum, General Counsel