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Real Estate - DECEMBER 29, 2020

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Comrit Investments makes final tender offer for Benefit Street Partners Realty Trust

by Andrea Zander

Tel Aviv–based investment fund Comrit Investments 1 is to purchase up to 2.5 million shares of common stock, at a par value $0.01 per share, in Benefit Street Partners Realty Trust, a publicly registered nontraded REIT, at a purchase price of $10.02 per share, according to the final amendment to the tender offer in a Securities and Exchange Commission filing.

Following the purchase of all of the tendered shares, Comrit Investments 1 will own an aggregate of approximately 296,499 shares, or approximately 0.7 percent of the total outstanding shares.

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