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.

BrightSpire Capital, Inc. reported a GAAP net loss of $18.3 million, or $0.15 per share, for the second quarter ended June 30, 2026. The company generated Distributable Earnings of $15.8 million ($0.12 per share) and Adjusted Distributable Earnings of $16.8 million ($0.13 per share). The loan portfolio grew 20% year-over-year to approximately $2.9 billion, with $319 million in new capital commitments during the quarter and an additional $295 million closed or in-execution subsequently. The company repurchased 3.8 million shares for $21.0 million, marking its largest quarterly buyback. GAAP net book value stood at $6.81 per share, while undepreciated book value was $8.10 per share. The company operates in the commercial real estate credit sector, originating and managing a diversified portfolio of CRE debt investments.

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.