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Franklin BSP Realty Trust Inc. operates as a real estate investment trust (REIT) that specializes in originating, acquiring, and managing a diverse portfolio of commercial real estate debt investments. These investments are primarily secured by properties located across the United States. The company's portfolio includes a range of commercial real estate debt instruments, such as first mortgage loans, mezzanine loans, bridge loans, and other related loans. FBRT also engages in originating conduit loans and investing in commercial real estate securities, in addition to owning real estate acquired through foreclosure or deed in lieu of foreclosure and purchased for investment purposes. The company is headquartered in NYC, and its shares are listed on the New York Stock Exchange.