
Rithm Property Trust Announces Public Offering of Common Stock | RPT Stock News

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Rithm Property Trust Inc. (NYSE: RPT) announced the commencement of a public offering of its common stock, with underwriters granted a 30-day option to purchase an additional 15% to cover over-allotments. A concurrent private placement is expected. Net proceeds will be used to acquire multifamily residential transition loans from Rithm Capital affiliates and for general corporate purposes.
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