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Stock impact report

Rithm Capital Completes Acquisition of Paramount Group, Inc.

Rithm Capital Corp. (RITM) 
Company Research Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (“Rithm” or “Rithm Capital”), a global alternative asset manager, today announced the successful completion of its previously announced acquisition of Paramount Group, Inc. (NYSE: PGRE) (“Paramount”), a vertically-integrated real estate investment trust that owns, operates, and manages Class A office properties in New York City and San Francisco. The Paramount portfolio includes 13 owned and 4 managed high-quality office assets, totaling more than 13.1 million square feet.The completed acquisition meaningfully enhances Rithm’s diversified, fully integrated asset management platform and extends its commercial real estate footprint. With this expanded presence, Rithm will seek to further develop and amenitize the portfolio and improve the overall tenant experience, leveraging its established owner-operator model to support the next era of growth for the acquired assets.Paramount will be rebranded as it integrates into the Rithm platform Show less Read more
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