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BrightSpire Capital, Inc. entered into a Purchase and Sale Agreement on June 12, 2026, to sell two industrial real…
BRSPBrightSpire Capital, Inc.
BrightSpire Capital, Inc. entered into a Purchase and Sale Agreement on June 12, 2026, to sell two industrial real properties in Tolleson, Arizona and Tracy, California, for a total consideration of $300,000,000. The transaction, involving subsidiaries CLNC NNN Alberts AZ, LLC and CLNC NNN Alberts CA, LLC, is expected to close by September 14, 2026, and requires an earnest money deposit of $6,000,000. This sale is part of the company's strategy to rotate out of owned real estate investments and into first mortgage loans. BrightSpire Capital, Inc. is a real estate investment company focused on providing first mortgage loans.