BrightSpire Capital, Inc. (BRSP) Form 8-K — Jun 16, 2026
BrightSpire Capital entered into a definitive agreement to sell its Net Lease 1 Investment, consisting of two industrial properties in Arizona and California, for a total consideration of $300 million. The purchasers have deposited $6 million in earnest money, and the transaction is expected to close by September 14, 2026, pending the assumption of existing mortgage and mezzanine loans. The sale price compares favorably to the property's GAAP carrying value of approximately $239 million and its undepreciated carrying value of approximately $306 million, allowing the company to realize a significant gain.
Key figures
- Deal Value Usd
- 300000000
- Gaap Carrying Value
- $239,000,000
- Outside Closing Date
- 2026-09-14
- Earnest Money Deposit
- $6,000,000
- Undepreciated Carrying Value
- $306,000,000
Price after filing
Close on the filing date to close N calendar days later (from $5.68). Historical, not a forecast.
AI analysis
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