Franklin BSP Realty Trust, Inc. (FBRT) is a real estate investment trust focused on originating, acquiring, and managing commercial real estate debt investments in the United States. The company operates through a REIT structure, primarily investing in a diversified portfolio of commercial real estate debt secured by properties across the country.

As a specialized real estate finance company based in New York City, FBRT leverages its expertise to navigate the commercial real estate market. The firm's investment strategy centers on creating value through strategic debt investments, aiming to generate attractive returns for investors while maintaining a balanced risk profile in the commercial real estate sector.