Franklin BSP Realty Trust Inc is a New York-based company specializing in commercial real estate finance. It focuses on originating, acquiring, and managing a diverse portfolio of commercial real estate debt investments across the United States. These investments include a variety of loans such as first mortgage, mezzanine, and bridge loans, alongside commercial real estate securities. The company also deals with properties acquired through foreclosure. As a real estate investment trust (REIT), it enjoys certain tax benefits, provided it distributes the majority of its income to shareholders.

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