# EDGAR Filing Document

**Accession Number:** 0001562528
**File Stem:** 0001104659-25-064751
**Filing Date:** 2025-7
**Character Count:** 14953
**Document Hash:** f1a83ea10ff03aa2f4427343fa561927
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-064751.hdr.sgml**: 20250701

**ACCESSION NUMBER**: 0001104659-25-064751

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20250701

**ITEM INFORMATION**: Completion of Acquisition or Disposition of Assets

**ITEM INFORMATION**: Unregistered Sales of Equity Securities

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250701

**DATE AS OF CHANGE**: 20250701

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Franklin BSP Realty Trust, Inc.
- **CENTRAL INDEX KEY:** 0001562528
- **STANDARD INDUSTRIAL CLASSIFICATION:** REAL ESTATE INVESTMENT TRUSTS [6798]
- **ORGANIZATION NAME:** 05 Real Estate & Construction
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40923
- **FILM NUMBER:** 251096838

**BUSINESS ADDRESS:**
- **STREET 1:** ONE MADISON AVENUE, SUITE 1600
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** (212) 588-6770

**MAIL ADDRESS:**
- **STREET 1:** ONE MADISON AVENUE, SUITE 1600
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Benefit Street Partners Realty Trust, Inc.
- **DATE OF NAME CHANGE:** 20170203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Realty Finance Trust, Inc.
- **DATE OF NAME CHANGE:** 20150217

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ARC Realty Finance Trust, Inc.
- **DATE OF NAME CHANGE:** 20121119

?xml version='1.0' encoding='ASCII'?

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934**

**Date of Report (Date of earliest event reported): July 1, 2025**

**Franklin BSP Realty Trust, Inc.**

(Exact Name of Registrant as Specified in Its Charter)

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| | | |
|:---|:---|:---|
| **Maryland** | **001-40923** | **46-1406086** |
| (State or other jurisdiction | (Commission File Number) | (I.R.S. Employer |
| of incorporation) |  | Identification No.) |

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**1 Madison Ave., Suite 1600**

**New York, New York 10010**

(Address of principal executive offices, including zip code)

Registrant's telephone number, including area code: **(212) 588-6770**

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<u>see</u> General Instruction A.2 below):

◻ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

◻ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

◻ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

◻ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Title of each class | &nbsp;&nbsp;Trading<br> Symbol(s) | &nbsp;&nbsp;Name of each exchange on which <br> registered |
| &nbsp;&nbsp;Common Stock, par value $0.01 per share | &nbsp;&nbsp;FBRT | &nbsp;&nbsp;New York Stock Exchange |
| &nbsp;&nbsp;7.50% Series E Cumulative Redeemable Preferred Stock, par value $0.01 per share | &nbsp;&nbsp;FBRT PRE | &nbsp;&nbsp;New York Stock Exchange |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ◻

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

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| | |
|:---|:---|
| **Item 2.01.** | **Completion of Acquisition or Disposition of Assets.** |

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On July 1, 2025 (the "Closing Date"), FBRT OP LLC ("Purchaser OP"), a consolidated subsidiary of Franklin BSP Realty Trust, Inc. (the "Company"), and FBRT Sub REIT TRS LLC, also a consolidated subsidiary of the Company (together with Purchaser OP, "Purchaser"), completed the previously announced purchase of all of the issued and outstanding membership interests and units (the "Purchased Interests") of NewPoint Holdings JV LLC ("NewPoint") held by each of the holders (the "Existing Equityholders") of the membership interests and units of NewPoint. The purchase was effected pursuant to the Purchase and Sale Agreement (the "Agreement"), by and among the Company, Purchaser, NewPoint, the Existing Equityholders, and, solely in their capacity as the joint representatives of the Existing Equityholders, Meridian Bravo Investment Company, LLC and BMC Holdings DE LLC, as previously disclosed by the Company.

Under the terms and subject to the conditions set forth in the Agreement, following satisfaction of all of the closing conditions, Purchaser purchased all of NewPoint's Purchased Interests. In exchange for the Purchased Interests, (i) Purchaser paid to the Existing Equityholders an aggregate amount of $318,750,000 in cash, as such amount was adjusted (and remains subject to further post-closing adjustment) in accordance with the purchase price adjustment mechanism set forth in the Agreement, and (ii) Purchaser OP issued to the Existing Equityholders (or their designees) an aggregate of 8,385,951 Class A Units of Purchaser OP.

The foregoing description of the Agreement and the transactions contemplated thereby does not purport to be complete and is qualified in its entirety by reference to the Agreement, a copy of which is filed as Exhibit 2.1 to the Current Report on Form 8-K filed with the Securities and Exchange Commission (the "SEC") by the Company on March 10, 2025 and is incorporated by reference herein.

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| | |
|:---|:---|
| **Item 3.02.** | **Unregistered Sales of Equity Securities.** |

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As described above, pursuant to the terms of the Agreement, on the Closing Date, Purchaser OP issued to the Existing Equityholders (or their designees) an aggregate of 8,385,951 Class A Units of Purchaser OP. The offer and sale of such Class A Units was made in reliance on the exemption from registration provided under Section 4(a)(2) of the Securities Act of 1933. Pursuant to the terms of the operating agreement of Purchaser OP, after 12 months from issuance, holders of the Class A Units may elect to have the Class A Units redeemed, in which case the Company and Purchaser OP will have the option to satisfy the redemption consideration with either cash (based on the trading price of the Company's Common Stock) or the delivery of one share of the Company's Common Stock for each Class A Unit of Purchaser OP.

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| | |
|:---|:---|
| **Item 7.01.** | **Regulation FD Disclosure.** |

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On July 1, 2025, the Company issued a press release announcing the acquisition of NewPoint. The full text of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information contained in Item 7.01 of this report, including Exhibit 99.1, shall not be incorporated by reference into any filing of the registrant, whether made before, on or after the date hereof, regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference to such filing. The information contained in Item 7.01 of this report, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.

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| | |
|:---|:---|
| **Item 9.01.** | **Financial Statements and Exhibits.** |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *Financial statements of business acquired.* The financial statements required by Item 9.01(a) of Form 8-K will be filed by amendment to this Current Report on Form 8-K no later than 71 days after the date this report on Form 8-K must be filed.

**(**b) *Pro forma financial information.*  The pro forma financial statements required by Item 9.01(b) of Form 8-K will be filed by amendment to this Current Report on Form 8-K no later than 71 days after the date this report on Form 8-K must be filed. **  **  

(d) *Exhibits.* 

**EXHIBIT INDEX**

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| | |
|:---|:---|
| **Exhibit**<br>**No.** | <br>**Description** |
| [2.1\*](https://www.sec.gov/Archives/edgar/data/1562528/000110465925022187/tm258704d1_ex2-1.htm) | [Purchase and Sale Agreement, dated as of March 9, 2025, by and among NewPoint Holdings JV LLC, each of the members of NewPoint Holdings JV LLC, FBRT OP LLC, FBRT Sub REIT TRS LLC, Franklin BSP Realty Trust, Inc., and certain other parties named therein, incorporated by reference to Exhibit 2.1 to the Current Report on Form 8-K filed by Franklin BSP Realty Trust, Inc. on March 10, 2025.](https://www.sec.gov/Archives/edgar/data/1562528/000110465925022187/tm258704d1_ex2-1.htm) |
| [99.1](tm2519547d1_ex99-1.htm) | [Press Release issued by Franklin BSP Realty Trust, Inc. on July 1, 2025.](tm2519547d1_ex99-1.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

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**\*** Schedules and exhibits have been omitted pursuant to Item 601(b)(2) of Regulation S-K. A copy of any omitted schedule or exhibit will be furnished supplementally to the SEC upon request.

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

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| | |
|:---|:---|
| **FRANKLIN BSP REALTY TRUST, INC.** | **FRANKLIN BSP REALTY TRUST, INC.** |
| By: | /s/ Jerome S. Baglien |
| Name: | Jerome S. Baglien |
| Title: | *Chief Financial Officer and Chief Operating Officer* |

---

Date: July 1, 2025

## Exhibit 99.1

**Exhibit 99.1**

![](tm2519547d1_ex99-1img001.jpg)

**Franklin BSP Realty Trust, Inc. Announces Closing of NewPoint Holdings JV L.L.C. Acquisition**

*Creating a Comprehensive One-Stop Solution, Enhancing Long-Term Stockholder Value*

**New York City, NY** – July 1, 2025 – Franklin BSP Realty Trust, Inc. (NYSE: FBRT) ("FBRT" or the "Company") today announced the closing of its previously announced acquisition of NewPoint Holdings JV L.L.C. ("NewPoint") for a total consideration of $425 million. For additional details on the transaction, please refer to the press release issued by FBRT on March 10, 2025.

Richard Byrne, CEO of FBRT and Chairman of the FBRT Board of Directors, said, "This acquisition represents a transformational milestone for FBRT, strategically expanding 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."

Further commenting on the acquisition, Michael Comparato, President of FBRT, shared, "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."

**About Franklin BSP Realty Trust, Inc.**

Franklin BSP Realty Trust, Inc. (NYSE: FBRT) is 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. As of March 31, 2025, FBRT had approximately $5.7 billion of assets. FBRT is externally managed by Benefit Street Partners L.L.C., a wholly owned subsidiary of Franklin Resources, Inc. For further information, please visit <u>www.fbrtreit.com</u>.

**About NewPoint Real Estate Capital**

NewPoint Real Estate Capital L.L.C. (NewPoint) is a prominent commercial real estate finance company delivering lending solutions to investors of multifamily, affordable housing, seniors housing, healthcare, and manufactured housing properties nationwide. NewPoint leverages technology, data, capital, and the expertise of its industry-leading team to provide loan origination, servicing, execution, and a suite of Agency and curated proprietary products to meet the evolving needs of borrowers. In addition to being a Fannie Mae DUS®, Freddie Mac Optigo®, and FHA/HUD MAP and LEAN Lender, as well as an approved issuer of Ginnie Mae securities, NewPoint also offers proprietary bridge and affordable housing financing, as well as third-party placement solutions.

**Forward-Looking Statements**

Certain statements included in this press release are forward-looking statements. Those statements include statements regarding the intent, belief or current expectations of the Company and members of our management team, as well as the assumptions on which such statements are based, and generally are identified by the use of words such as "may," "will," "seeks," "anticipates," "believes," "positions," "estimates," "expects," "plans," "intends," "should" or similar expressions. Actual results may differ materially from those contemplated by such forward-looking statements. Further, forward-looking statements speak only as of the date they are made, and we undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.

The Company's forward-looking statements are subject to various risks and uncertainties. Factors that could cause actual outcomes to differ materially from our forward-looking statements include macroeconomic factors in the United States including inflation, changing interest rates and economic contraction, the extent of any recoveries on delinquent loans, the financial stability of our borrowers and the other, risks and important factors contained and identified in the Company'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 with the SEC, any of which could cause actual results to differ materially from the forward-looking statements. The forward-looking statements included in this communication are made only as of the date hereof.

Investor Relations Contact:

Lindsey Crabbe

l.crabbe@benefitstreetpartners.com

Media Contact:

Meghan Costello

m.costello@benefitstreetpartners.com