• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    Benefit Street Partners L.L.C. Announces Closing of a $135 Million Loan Package on The Empire Hotel

    1/17/25 8:30:00 AM ET
    $FBRT
    Real Estate Investment Trusts
    Real Estate
    Get the next $FBRT alert in real time by email

    Benefit Street Partners L.L.C. ("BSP" or the "Company") today announced the closing of a $120 million senior loan and a $15 million mezzanine loan, together aggregating a $135 million loan package, facilitating the refinancing of the Empire Hotel. The Empire Hotel is a 427-key hotel located in the Upper West Side neighborhood of Manhattan, NY. The property was built in 1901 and underwent a comprehensive renovation in 2013.

    BSP allocated the loans across its commercial real estate platform, including a portion to Franklin BSP Realty Trust, Inc. (NYSE:FBRT).

    Michael Comparato, Head of Commercial Real Estate for BSP, commented: "The Empire Hotel represents a strategic addition to our commercial real estate portfolio, showcasing the flexibility and value that our platform delivers to borrowers. We look forward to capitalizing on additional unique opportunities within the real estate market throughout 2025."

    Further commenting, Brian Buffone, Head of Real Estate Operations at BSP, added: "The borrower signed our application on December 17, 2024. We successfully funded this complicated transaction in 18 business days, further demonstrating the flexibility and responsiveness of the BSP platform."

    About Benefit Street Partners

    BSP-Alcentra is a leading global alternative credit asset manager offering clients investment solutions across a broad range of complementary credit strategies, including direct lending, special situations, structured credit, high yield bonds, leveraged loans and commercial real estate debt and equity. As of September 30, 2024, BSP-Alcentra has $77 billion of assets under management, with over 400 employees operating across North America, Europe and Asia Pacific. BSP is a wholly owned subsidiary of Franklin Templeton. For further information, please visit www.benefitstreetpartners.com.

    About Franklin BSP Realty Trust, Inc.

    Franklin BSP Realty Trust, Inc. (NYSE:FBRT) is a real estate investment trust that originates, acquires and manages a diversified portfolio of commercial real estate debt secured by properties located in the United States. As of September 30, 2024, FBRT had approximately $6.3 billion of assets. FBRT is externally managed by Benefit Street Partners L.L.C., a wholly owned subsidiary of Franklin Resources, Inc. For further information, please visit www.fbrtreit.com.

    Forward-Looking Statements

    This communication includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as "will," "should," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, any statements herein that describe beliefs, intentions or goals also are forward-looking statements. It is uncertain whether any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do, what impact they will have on the results of operations and financial condition of FBRT. These forward-looking statements involve certain risks and uncertainties, many of which are beyond our control, that could cause actual results to differ materially from those indicated in such forward-looking statements. Further, forward-looking statements speak only as of the date they are made, and we undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time, unless required by law.

    Our forward-looking statements are subject to various risks and uncertainties, including but not limited to the risks and important factors contained and identified in FBRT's filings with the Securities and Exchange Commission ("SEC"), including its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and its subsequent filings with the SEC, any of which could cause actual results to differ materially from the forward-looking statements. The forward-looking statements included in this communication are made only as of the date hereof.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20250117468487/en/

    Investor Relations Contact:

    Lindsey Crabbe

    [email protected]

    (214) 874-2339

    Get the next $FBRT alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $FBRT

    DatePrice TargetRatingAnalyst
    12/12/2024$16.00Buy
    Janney
    7/19/2024$16.00Buy
    BTIG Research
    4/12/2024$15.00Outperform → Strong Buy
    Raymond James
    1/10/2024$15.00Mkt Perform → Mkt Outperform
    JMP Securities
    4/25/2023$13.50Buy
    BTIG Research
    4/4/2023$13.50Outperform
    Raymond James
    9/28/2022$16.00Buy
    B. Riley Securities
    8/18/2022Mkt Outperform → Mkt Perform
    JMP Securities
    More analyst ratings

    $FBRT
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Janney initiated coverage on Franklin BSP Realty Trust with a new price target

      Janney initiated coverage of Franklin BSP Realty Trust with a rating of Buy and set a new price target of $16.00

      12/12/24 8:42:11 AM ET
      $FBRT
      Real Estate Investment Trusts
      Real Estate
    • BTIG Research resumed coverage on Franklin BSP Realty Trust with a new price target

      BTIG Research resumed coverage of Franklin BSP Realty Trust with a rating of Buy and set a new price target of $16.00

      7/19/24 7:56:24 AM ET
      $FBRT
      Real Estate Investment Trusts
      Real Estate
    • Franklin BSP Realty Trust upgraded by Raymond James with a new price target

      Raymond James upgraded Franklin BSP Realty Trust from Outperform to Strong Buy and set a new price target of $15.00

      4/12/24 8:01:40 AM ET
      $FBRT
      Real Estate Investment Trusts
      Real Estate

    $FBRT
    SEC Filings

    See more
    • Amendment: Franklin BSP Realty Trust Inc. filed SEC Form 8-K: Financial Statements and Exhibits

      8-K/A - Franklin BSP Realty Trust, Inc. (0001562528) (Filer)

      7/30/25 5:24:05 PM ET
      $FBRT
      Real Estate Investment Trusts
      Real Estate
    • Franklin BSP Realty Trust Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Financial Statements and Exhibits

      8-K - Franklin BSP Realty Trust, Inc. (0001562528) (Filer)

      7/30/25 4:51:13 PM ET
      $FBRT
      Real Estate Investment Trusts
      Real Estate
    • SEC Form 10-Q filed by Franklin BSP Realty Trust Inc.

      10-Q - Franklin BSP Realty Trust, Inc. (0001562528) (Filer)

      7/30/25 4:28:40 PM ET
      $FBRT
      Real Estate Investment Trusts
      Real Estate

    $FBRT
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Handwerker Jamie was granted 10,036 shares, increasing direct ownership by 27% to 47,444 units (SEC Form 4)

      4 - Franklin BSP Realty Trust, Inc. (0001562528) (Issuer)

      6/2/25 8:40:14 PM ET
      $FBRT
      Real Estate Investment Trusts
      Real Estate
    • Director Dumars Joe was granted 10,036 shares, increasing direct ownership by 61% to 26,607 units (SEC Form 4)

      4 - Franklin BSP Realty Trust, Inc. (0001562528) (Issuer)

      6/2/25 8:39:02 PM ET
      $FBRT
      Real Estate Investment Trusts
      Real Estate
    • Director Mcdonough Peter J was granted 10,036 shares, increasing direct ownership by 27% to 47,426 units (SEC Form 4)

      4 - Franklin BSP Realty Trust, Inc. (0001562528) (Issuer)

      6/2/25 8:37:40 PM ET
      $FBRT
      Real Estate Investment Trusts
      Real Estate

    $FBRT
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Franklin BSP Realty Trust, Inc. Announces Second Quarter 2025 Results

      Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced financial results for the quarter ended June 30, 2025. Reported GAAP net income of $24.4 million for the three months ended June 30, 2025, compared to $23.7 million for the three months ended March 31, 2025. Reported diluted earnings per share ("EPS") to common stockholders of $0.19 for the three months ended June 30, 2025, compared to $0.20 for the three months ended March 31, 2025. Reported Distributable Earnings (a non-GAAP financial measure) of $29.0 million, or $0.27 per diluted common share on a fully converted basis(1), for the three months ended June 30, 2025, compared to $(6.2) million, or $(0

      7/30/25 4:15:00 PM ET
      $FBRT
      Real Estate Investment Trusts
      Real Estate
    • Franklin BSP Realty Trust, Inc. Schedules Second Quarter 2025 Earnings Release and Conference Call

      Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced that it will release its second quarter 2025 results on Wednesday, July 30, 2025, after the close of trading on the New York Stock Exchange. The Company will host a conference call and live audio webcast to discuss its financial results on Thursday, July 31, 2025, at 9:00 a.m. ET. All conference call and webcast information can be found on the Company's website at https://www.fbrtreit.com. Participants are encouraged to pre-register for the call and webcast at https://dpregister.com/sreg/10200726/ff69771bb8. If you are unable to pre-register, the conference call may be accessed by dialing (844) 701-1166

      7/9/25 6:00:00 AM ET
      $FBRT
      Real Estate Investment Trusts
      Real Estate
    • Franklin BSP Realty Trust, Inc. Announces Closing of NewPoint Holdings JV L.L.C. Acquisition

      Creating a Comprehensive One-Stop Solution, Enhancing Long-Term Stockholder Value Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced the closing of its previously announced acquisition of NewPoint Holdings JV L.L.C. ("NewPoint") for a total consideration of $425 million. For additional details on the transaction, please refer to the press release issued by FBRT on March 10, 2025. Richard Byrne, CEO of FBRT and Chairman of the FBRT Board of Directors, said, "This acquisition represents a transformational milestone for FBRT, strategically expanding our multifamily lending capabilities. The transaction is highly synergistic and positions FBRT to deliver l

      7/1/25 4:30:00 PM ET
      $FBRT
      Real Estate Investment Trusts
      Real Estate

    $FBRT
    Leadership Updates

    Live Leadership Updates

    See more
    • Franklin BSP Realty Trust, Inc. Appoints Michael Comparato as President

      Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced the appointment of Michael Comparato as its new President. Richard J. Byrne, who previously served as President, will continue to serve as Chairman of the Board of Directors and Chief Executive Officer. Mr. Comparato is a managing director with Benefit Street Partners L.L.C. ("BSP"), the Company's external manager, and has served as Head of Commercial Real Estate for BSP since 2017. Since BSP took over the role of external manager of FBRT, Mr. Comparato has played a leading role for BSP in fulfilling its duties under the advisory agreement, running day-to-day operations, including overseeing loan originat

      3/22/23 6:00:00 AM ET
      $FBRT
      $LADR
      Real Estate Investment Trusts
      Real Estate
    • Franklin BSP Realty Trust, Inc. Announces Appointment of Joe Dumars to the Board of Directors

      Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced the appointment of Joe Dumars to the FBRT Board of Directors, effective January 1, 2023. Following the appointment of Mr. Dumars, the Board will comprise eight directors, seven of whom will be independent. Mr. Dumars, 59, is an experienced executive, owner, and operator of multiple businesses with a track record of accomplishments based on individual contribution, leadership and team building. Mr. Dumars has been the EVP and head of basketball operations for the National Basketball Association ("NBA") since 2022. Previously, Mr. Dumars was the Chief Strategy Officer for the Sacramento Kings NBA franchise

      11/14/22 6:30:00 AM ET
      $FBRT
      Real Estate Investment Trusts
      Real Estate

    $FBRT
    Financials

    Live finance-specific insights

    See more
    • Franklin BSP Realty Trust, Inc. Announces Second Quarter 2025 Results

      Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced financial results for the quarter ended June 30, 2025. Reported GAAP net income of $24.4 million for the three months ended June 30, 2025, compared to $23.7 million for the three months ended March 31, 2025. Reported diluted earnings per share ("EPS") to common stockholders of $0.19 for the three months ended June 30, 2025, compared to $0.20 for the three months ended March 31, 2025. Reported Distributable Earnings (a non-GAAP financial measure) of $29.0 million, or $0.27 per diluted common share on a fully converted basis(1), for the three months ended June 30, 2025, compared to $(6.2) million, or $(0

      7/30/25 4:15:00 PM ET
      $FBRT
      Real Estate Investment Trusts
      Real Estate
    • Franklin BSP Realty Trust, Inc. Schedules Second Quarter 2025 Earnings Release and Conference Call

      Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced that it will release its second quarter 2025 results on Wednesday, July 30, 2025, after the close of trading on the New York Stock Exchange. The Company will host a conference call and live audio webcast to discuss its financial results on Thursday, July 31, 2025, at 9:00 a.m. ET. All conference call and webcast information can be found on the Company's website at https://www.fbrtreit.com. Participants are encouraged to pre-register for the call and webcast at https://dpregister.com/sreg/10200726/ff69771bb8. If you are unable to pre-register, the conference call may be accessed by dialing (844) 701-1166

      7/9/25 6:00:00 AM ET
      $FBRT
      Real Estate Investment Trusts
      Real Estate
    • Franklin BSP Realty Trust, Inc. Announces Issuance of Unsecured Senior Notes

      Franklin BSP Realty Trust, Inc. (NYSE:FBRT) ("FBRT" or the "Company") today announced that through its operating partnership, FBRT OP LLC, it has successfully issued, in a private offering, $107 million aggregate principal amount of unsecured senior notes, consisting of $82 million of 8.25% unsecured senior notes due 2030 (the "Fixed Rate Notes") and $25 million of floating rate unsecured senior notes due 2028, with an initial coupon of approximately 8.33% (the "Floating Rate Notes," and together with the Fixed Rate Notes, the "Notes"). The Fixed Rate Notes will mature on April 25, 2030 and the Floating Rate Notes will mature on April 25, 2028. The Company expects to use the net proceeds

      6/20/25 6:00:00 AM ET
      $FBRT
      Real Estate Investment Trusts
      Real Estate

    $FBRT
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G/A filed by Franklin BSP Realty Trust Inc. (Amendment)

      SC 13G/A - Franklin BSP Realty Trust, Inc. (0001562528) (Subject)

      1/22/24 2:03:12 PM ET
      $FBRT
      Real Estate Investment Trusts
      Real Estate
    • SEC Form SC 13G/A filed by Franklin BSP Realty Trust Inc. (Amendment)

      SC 13G/A - Franklin BSP Realty Trust, Inc. (0001562528) (Subject)

      2/1/23 9:44:08 AM ET
      $FBRT
      Real Estate Investment Trusts
      Real Estate
    • SEC Form SC 13G/A filed by Franklin BSP Realty Trust Inc. (Amendment)

      SC 13G/A - Franklin BSP Realty Trust, Inc. (0001562528) (Subject)

      7/8/22 4:56:55 PM ET
      $FBRT
      Real Estate Investment Trusts
      Real Estate