# EDGAR Filing Document

**Accession Number:** 0002018545
**File Stem:** 0001193125-25-207369
**Filing Date:** 2025-9
**Character Count:** 3166
**Document Hash:** bd24754389b69a2679f6fc5fa8203d19
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-207369.hdr.sgml**: 20250918

**ACCESSION NUMBER**: 0001193125-25-207369

**CONFORMED SUBMISSION TYPE**: N-23C-2

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250918

**FILED AS OF DATE**: 20250918

**DATE AS OF CHANGE**: 20250918

**EFFECTIVENESS DATE**: 20250918

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Franklin BSP Real Estate Debt BDC
- **CENTRAL INDEX KEY:** 0002018545

**ORGANIZATION NAME:**
- **EIN:** 991918767
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-23C-2
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 817-01542
- **FILM NUMBER:** 251323395

**BUSINESS ADDRESS:**
- **STREET 1:** ONE MADISON AVENUE
- **STREET 2:** SUITE 1600
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** 212-588-6700

**MAIL ADDRESS:**
- **STREET 1:** ONE MADISON AVENUE
- **STREET 2:** SUITE 1600
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Franklin BSP Real Estate Credit BDC
- **DATE OF NAME CHANGE:** 20240405

**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549** 

**NOTIFICATION OF REDEMPTION OF SECURITIES PURSUANT TO RULE 23C-2** 

**UNDER THE INVESTMENT COMPANY ACT OF 1940** 

**File No. 814-01736** 

## Franklin BSP Real Estate Debt BDC
**(Name of Registrant)** 

**One Madison Avenue, Suite 1600** 

**New York, NY 10010** 

**(Address of Principal Executive Office)** 

The undersigned hereby notifies the Securities and Exchange Commission (the "Commission") that it intends to redeem securities of which it is the issuer, as set forth below in accordance with the requirements of Rule 23c-2 under the Investment Company Act of 1940, as amended.

(1) Title of the class of securities of Franklin BSP Real Estate Debt BDC (the "Company") to be redeemed:

12.0% Series A Cumulative Preferred Shares (the "Preferred Shares")

(2) Date on which the securities are to be redeemed:

The Preferred Shares will be redeemed on October 20, 2025 (the "Redemption Date").

(3) Applicable provisions of the governing instrument pursuant to which the securities are to be redeemed:

The Preferred Shares will be redeemed pursuant to Article IV of the Supplement to the Third Amended and Restated Agreement and Declaration of Trust of Franklin BSP Real Estate Debt BDC Relating to the 12.0% Series A Cumulative Preferred Shares.

(4) The principal amount or number of shares and the basis upon which the securities to be redeemed are to be selected:

On the Redemption Date, the Company will redeem 100% of the outstanding Preferred Shares (125 Preferred Shares).

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SIGNATURE

Pursuant to the requirements of Rule 23c-2 under the Investment Company Act of 1940, as amended, the Company has duly caused this Notification of Redemption of Securities to be signed on its behalf by the undersigned on this 18th day of September, 2025.

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| | |
|:---|:---|
| **FRANKLIN BSP REAL ESTATE DEBT BDC** | **FRANKLIN BSP REAL ESTATE DEBT BDC** |
| By: | /s/ Micah Goodman |
| Name: | Micah Goodman |
| Title: | Secretary |

---