Rithm Property Trust Inc.

About Rithm Property Trust Inc.

Rithm Property Trust is a real estate investment trust (REIT) externally managed by an affiliate of Rithm Capital Corp. Formerly known as Great Ajax Corp., it historically focused on acquiring and managing re-performing and non-performing loans secured by single-family, multi-family, and commercial properties. Following a transaction with Rithm on June 11, 2024, the company is shifting to a new commercial real estate-focused investment strategy. It aims to generate attractive risk-adjusted returns for stockholders through dividends and capital appreciation, leveraging Rithm's expertise in real estate and financial services asset management.

Products & Services

Real Estate Investment Trust (REIT) Services:Investment in and management of real estate assets, focusing on commercial real estate as part of a new strategy.

Loan Portfolio Management:Historically focused on acquiring and managing re-performing and non-performing loans secured by single-family, multi-family, and commercial properties.

Specialties

Commercial Real Estate Investment Loan Portfolio Management Risk-Adjusted Returns for Stockholders

Funding History

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#	Type	Amount Fields	Date Fields	Investors
1	RT: Preferred Stock Offering T: - FT: Preferred Stock Offering	A: 50000000 MR: - FA: $50,000,000 FAN: 50000000	D: 2025-02-27 FD: 2025-02-27	6 investors
2	RT: Public Offering of Series C Preferred Stock T: - FT: Public Offering of Series C Preferred Stock	A: 25 MR: - FA: $25.00 per share liquidation preference FAN: 25	D: 2025-02-25 FD: 2025-02-25	6 investors

Preferred Stock Offering Latest

2025-02-27

$50.0M

6 investors (Pro only)

Public Offering of Series C Preferred Stock 2025-02-25

$25

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Growth Metrics

+45%

Employee Growth

YoY

3.2x

Funding Growth

Last Round

12

Markets

Operating

10K+

Customers

Active

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Mock Up

Team & Leadership

P

Paul Mason Friedman

Director

M

Mary P. Haggerty

Director

D

Daniel Hoffman

Director

M

Michael Nierenberg

Interim Chief Executive Officer

N

Nick Santoro

Chief Financial Officer and Chief Accounting Officer

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