Rithm Capital Executes Strategic Expansion with Major Acquisition and Capital Raise

Rithm Capital is pursuing an aggressive growth strategy through a dual-pronged approach. The alternative asset manager has announced a significant $1.6 billion acquisition of office REIT Paramount Group while simultaneously securing fresh capital through a preferred stock offering. This coordinated move signals a potential turning point for the diversified financial services provider.

The proposed acquisition of Paramount Group represents a substantial strategic investment rather than a bargain purchase. Rithm Capital’s offer of $6.60 per share represents a premium of 38% over Paramount’s stock price before the company announced its strategic review. The transaction, which requires shareholder approval and is expected to close in the fourth quarter of 2025, would bring Rithm Capital a portfolio of 13 owned and 4 managed office properties encompassing over... Read more...