Rithm Property Trust plans multifamily transition loan acquisitions with proceeds from common stock offering - RPT News | RalliesRithm Property Trust plans multifamily transition loan acquisitions with proceeds from common stock offering
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RPT• Offering proceeds earmarked for loan acquisitions
- Rithm Property Trust launched a public common stock offering, with a 30-day option for underwriters to buy up to 15% more shares.
- Net proceeds are earmarked to acquire a portfolio of multifamily residential transition loans from Rithm Capital affiliates.
- Funding plan also includes a concurrent private placement, cash on hand, and borrowings under its master repurchase facility.
- Additional capital is targeted for other investments, broader balance-sheet deployment, and general corporate purposes.
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