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Posted 22 March, 2023

Franklin BSP Realty Trust, Inc. appointed new CEO

CEO Change detected for ticker NYSE:FBRT in a 8-K filed on 22 March, 2023.


  On March 20, 2023, the board of directors (the "Board") of Franklin BSP Realty Trust, Inc. (the "Company") appointed Michael Comparato to succeed Richard J. Byrne as the Company's President, effective immediately. Mr. Byrne will continue to serve as Chairman of the Board and Chief Executive Officer of the Company.  

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Overview of Franklin BSP Realty Trust, Inc.
Real Estate/Construction • Retail REITs
Franklin BSP Realty Trust, Inc. operates as a real estate finance company. The firm originates, acquires and manages a diversified portfolio of commercial real estate debt investments secured by properties located within and outside the United States. It operates through the following segments: Real Estate Debt, Real Estate Securities, Commercial Conduit and Real Estate Owned Business. The Real Estate Debt business focuses on originating, acquiring and asset managing commercial real estate debt investments, including first mortgage loans, subordinate mortgages, mezzanine loans and participations in such loans. The Real Estate Securities business focuses on investing in and asset managing commercial real estate securities primarily consisting of CMBS and may include unsecured REIT debt, CDO notes and other securities. The Commercial Conduit business focuses on originating and subsequently selling fixed-rate commercial real estate loans into the CMBS securitization market. The Real Estate Owned business represents real estate acquired by the company through foreclosure, deed in lieu of foreclosure, or purchase. The company was founded on November 15, 2012 and is headquartered in New York, NY.
Market Cap
$1.09B
View Company Details
Franklin BSP Realty Trust, Inc. by TradingView
Relevant filing section
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. 


On March 20, 2023, the board of directors (the "Board") of Franklin BSP Realty Trust, Inc. (the "Company") appointed Michael Comparato to succeed Richard J. Byrne as the Company's President, effective immediately. Mr. Byrne will continue to serve as Chairman of the Board and Chief Executive Officer of the Company.


Michael Comparato is a managing director with Benefit Street Partners L.L.C. (the "Advisor"), the Company's external manager, and has served as head of real estate for the Advisor since 2017. Since the Advisor took over the role of external manager of the Company, Mr. Comparato has played a leading role for the Advisor in fulfilling its duties under the advisory agreement, including overseeing loan originations and other investments.


Prior to joining the Advisor in 2015, Mr. Comparato was head of U.S. Equity Investments at Ladder Capital Corp., where he led Ladder's largest team that actively originated CMBS loans, structured/balance sheet loans, mezzanine loans and acquired strategic assets for the firm. Prior to joining Ladder, Mr. Comparato was president of BankAtlantic Commercial Mortgage Capital, the CMBS affiliate of BankAtlantic, where he was responsible for managing all day-to-day operations.


There are no family relationships between Mr. Comparato and any director or executive officer of the Company and there have been no transactions between Mr. Comparato or any of his immediate family members and the Company or any of its subsidiaries.