Franklin BSP Realty Trust to acquire NewPoint Holdings JV.

Franklin BSP Realty Trust, a real estate investment trust, agreed to acquire NewPoint Holdings JV, a commercial real estate finance company. Financial terms were not disclosed. “For years we have been looking to add agency capabilities to the FBRT platform, which already boasts one of the most extensive product offerings in the market. We believe this transaction is the final piece to complete our ‘one stop shop’ puzzle and is even more compelling given the strong cultural alignment between the two teams. We're excited to build on the momentum of this acquisition alongside the NewPoint team, who worked tirelessly in close partnership with us to finalize this deal,” Michael Comparato, FBRT President.