BrightSpire Capital completed the sale of its Net Lease 1 Investment on September 14, 2026, consisting of two industrial properties in Tolleson, Arizona, and Tracy, California. The total consideration was $300.0 million, comprising the assumption by purchasers of a $94.0 million mortgage loan and a $106.0 million mezzanine loan, plus $97.9 million in net cash proceeds after closing expenses. The transaction generated an estimated pro forma gain on sale of approximately $60.4 million for the year ended December 31, 2025. BrightSpire Capital operates as a commercial real estate finance company.
