BrightSpire Capital, Inc. announces an Equity Buyback for $50 million worth of its shares.
May 01, 2024 at 08:36 am EDT
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BrightSpire Capital, Inc. (NYSE:BRSP) announces a share repurchase program. Under the program, the company will repurchase up to $50 million worth of its class A common stock. The program is valid till April 30, 2025.
BrightSpire Capital, Inc. is a commercial real estate (CRE) credit real estate investment trust. The Company is focused on originating, acquiring, financing and managing a diversified portfolio, consisting primarily of CRE debt investments and net leased properties predominantly in the United States. The Company's segments include Senior and Mezzanine Loans and Preferred Equity, Net Leased and Other Real Estate, and Corporate and Other. The Senior and Mezzanine Loans and Preferred Equity segment has CRE debt investments, including senior loans, mezzanine loans, and preferred equity interests, as well as participation in such loans. Net Leased and Other Real Estate segment include direct investments in commercial real estate with long-term leases to tenants on a net lease basis. The Corporate and Other includes corporate-level asset management and other fees. The Company has offices in New York, New York and Los Angeles, California.
BRIGHTSPIRE CAPITAL, INC. 
