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NewPoint Real Estate Capital to Be Acquired by Franklin BSP Realty Trust
- Client News
- March 10, 2025
Paul, Weiss is advising NewPoint Real Estate Capital, a Texas-based, privately held commercial real estate finance company, and its equity holders including Stone Point Capital, in the $425 million acquisition of NewPoint by Franklin BSP Realty Trust (FBRT), Inc., a leading real estate investment trust. The consideration payable at closing will consist of $318,750,000 in cash and 8,385,951 Class A Units of a subsidiary of FBRT, with each unit being redeemable for one share of FBRT common stock. The deal is expected to close in the third quarter of 2025, subject to customary closing conditions and regulatory approvals.
The Paul, Weiss team is led by corporate partners Lukas Richards and Adam Givertz and associate Lewis Fainer, and includes partners Timothy Cruickshank, Ben Steadman, Caroline Epstein, Eric Wedel, Adam Longenbach, Patricia Vaz de Almeida and Jarryd Anderson and counsel Lyudmila Bondarenko; tax partner Scott Sontag; restructuring partners John Weber, Ken Ziman and Paul Basta; executive compensation partner Rebecca Coccaro; and litigation counsel Audrey Paquet.