Rithm Property Trust offers $300M of common stock at $14.19/share to fund Genesis loan purchase

Filed July 14, 2026 · ~2 min read

Key Changes

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  RPT offers $300 million of common stock at $14.19/share (July 10, 2026 market price) with a $45 million overallotment option. Rithm may purchase up to $200 million in a concurrent private placement at the same price, bringing its ownership to 33%.

  The Offering verify on EDGAR →
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  Proceeds will fund the Genesis Loan Purchase via the Operating Partnership, combined with borrowings under a CRE Repurchase Facility and cash on hand. The offering is NOT contingent on closing the Genesis acquisition.

  Use of Proceeds verify on EDGAR →
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  Rithm will control the Manager and a significant percentage of voting power post-offering. Any Series D Preferred Stock issued to Rithm carries escalating cumulative cash dividends starting at 2% annually after two years, rising to 8%.

  Risk Factors verify on EDGAR →