Franklin BSP Realty Trust Completes Acquisition of NewPoint Holdings for $425 Million, Expanding Multifamily Lending Capabilities
Reuters
Jul 02, 2025
Franklin BSP Realty Trust Completes Acquisition of NewPoint Holdings for $425 Million, Expanding Multifamily Lending Capabilities
Franklin BSP Realty Trust, Inc. (NYSE: FBRT) has announced the successful closing of its acquisition of NewPoint Holdings JV L.L.C. for $425 million. This acquisition marks a significant milestone for FBRT, enhancing its multifamily lending capabilities. According to FBRT's CEO, Richard Byrne, the transaction is expected to deliver long-term stockholder value through growth in book value and improved earnings streams. Michael Comparato, President of FBRT, emphasized the strategic addition of agency lending capabilities, positioning the company as a comprehensive 'one-stop shop' solution for clients. The collaboration with NewPoint is anticipated to open up further opportunities for FBRT.
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