Franklin BSP Realty Trust, Inc. Announces Closing of $125 Million Loan on a Southwest Industrial Portfolio [Yahoo! Finance]
Franklin BSP Realty Trust, Inc. (FBRT)
Company Research
Source: Yahoo! Finance
a $125 million floating-rate senior loan facilitating the refinancing of a four-property industrial portfolio located across the Southwestern United States. Inclusive of this loan, FBRT has committed to $716 million of loan originations year-to-date and has a robust forward pipeline. The 1.1 million square foot industrial portfolio is 94.9% leased with properties located throughout Dallas, Las Vegas, and Phoenix/Mesa/Scottsdale MSAs. FBRT's loan has a two-year initial term and two one-year extension options, subject to the borrower meeting certain requirements. The loan's sponsor, Fundrise Industrial Portfolio 2, LLC, is a subsidiary of Fundrise, a real estate investment platform for retail investors with nearly $3.0 billion of assets under management. Cushman & Wakefield represented the borrower on the transaction. Michael Comparato, President of FBRT, commented: "Fundrise has been a leader in industrial acquisitions over the last 18 months and we are excited to add them as a new
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FBRT
News
- Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Franklin BSP Realty Trust First Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag [Yahoo! Finance]Yahoo! Finance
- Franklin BSP (FBRT) Misses Q1 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Franklin BSP Realty Trust, Inc. Announces First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Franklin BSP Realty Trust, Inc. Announces First Quarter 2024 ResultsBusiness Wire
FBRT
Earnings
- 4/29/24 - Miss
FBRT
Sec Filings
- 4/29/24 - Form 8-K
- 4/29/24 - Form 10-Q
- 4/17/24 - Form ARS
- FBRT's page on the SEC website