Franklin BSP Realty Trust has entered into a definitive agreement to acquire NewPoint Holdings JV, a privately held commercial real estate finance company headquartered in Plano, Texas. The transaction is expected to close in the third quarter 2025, subject to customary closing conditions, including regulatory approvals.
Richard Byrne, CEO of FBRT and chairman of the FBRT Board of Directors, said, “We are pleased to announce our acquisition of NewPoint, which is a transformative transaction for FBRT. This strategic expansion of our multifamily lending offerings significantly increases our total addressable market in our highest-conviction sector. We anticipate this transaction will enable FBRT to deliver long-term stockholder value and creates a clear path for FBRT to be able to trade at a premium to book value.”
Further commenting on the acquisition, Michael Comparato, president of FBRT, added, “For years we have been looking to add agency capabilities to the FB
