Brightspire Capital
BrightSpire Capital, Inc. is an internally-managed commercial real estate credit REIT focused on originating, acquiring, financing, and managing a diversified portfolio of commercial real estate debt and net lease investments in the United States.
Company Overview
BrightSpire Capital, Inc. is an internally-managed commercial real estate credit REIT. The company specializes in originating, acquiring, financing, and managing a diversified portfolio of commercial real estate debt and net lease real estate investments, predominantly in the United States. BrightSpire Capital, Inc. was rebranded from Colony Credit Real Estate, Inc. on April 30, 2021.
Portfolio Value and Investments
As of March 31, 2024, BrightSpire Capital, Inc.'s portfolio is valued at $4.1 billion (undepreciated). The company has a book equity value of $1.4 billion (undepreciated) and manages 85 loans among 101 total investments. BrightSpire Capital's portfolio includes senior mortgage loans, mezzanine loans, preferred equity, CRE debt securities, and direct investments in commercial real estate with long-term leases.
Investment Strategy
BrightSpire Capital, Inc. employs a dynamic and flexible investment strategy that adapts to changes in economic, real estate, and capital market conditions. The company's primary focus is on originating and selectively acquiring senior mortgage loans backed by commercial real estate assets. Additionally, it invests in mezzanine loans, preferred equity, and CRE debt securities, including CMBS and CRE collateralized loan obligations.
ESG Initiatives
BrightSpire Capital, Inc. is committed to building a sustainable future by creating economic value, preserving resources, and improving the communities where it operates. The company integrates leading ESG practices into its operations and collaborates with service providers, tenants, and communities. BrightSpire Capital has implemented diligence and periodic review protocols to understand counterparty commitments to ESG initiatives.
Office Locations and Team
BrightSpire Capital, Inc. has office locations in Los Angeles and New York, with additional remote team members in Florida, Georgia, New Hampshire, and Texas. The company’s team brings significant transaction and asset management experience, vertical integration, and an embedded CRE loan special servicer, contributing to the firm’s success across the real estate capital structure.