Franklin BSP Real Estate Debt, Inc.
Franklin BSP Real Estate Debt, Inc. (FBRED) is a perpetual life mortgage real estate investment trust that originates, acquires, finances and manages a portfolio of primarily commercial real estate (CRE) investments, focused on senior secured CRE loans across a wide range of geography, focused on the middle market, with loans in the range of $25-$100 million.
NAV Information1
(As of August 31, 2026)
| Class | NAV per share |
|---|---|
| Class G | $24.77 |
| Class G-D | $24.59 |
| Class G-S | $24.60 |
| Class I | $24.65 |
1NAV is calculated in accordance with valuation guidelines that have been approved by our Board of Directors. NAV is not a measure used under generally accepted accounting principles in the United States (“GAAP”), and the valuations of and certain adjustments made to our assets and liabilities used in the determination of NAV will differ from GAAP. You should not consider NAV to be equivalent to stockholders’ equity or any other GAAP measure. For more information regarding the calculation of FBRED’s NAV and the use of NAV for purposes of our share repurchase plan, please see FBRED’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (“SEC”), as supplemented from time to time by FBRED’s other filings with the SEC. The NAV per share presented is rounded to two decimal places.
Team
The FBRED management team seeks the best opportunities in the most attractive markets.
Jerry Baglien
Managing Director and Head of Real Estate
Board of Directors
Richard J. Byrne
Chairman of the Company and the Board of Directors
Jamie Handwerker
Independent Director
Peter McDonough
Lead Independent Director
Buford Ortale
Independent Director, Audit Committee Chair
Elizabeth Tuppeny
Independent Director
Documents
| Name | |
|---|---|
| FBRED's SEC EDGAR Company Filings | Download |
Important Information
This website is intended for existing stockholders and is neither an offer to sell nor a solicitation of an offer to buy securities.
Share classes are subject to different fees and expenses, which will affect their performance.
Important data provider notices and terms available at https://www.franklintempletondatasources.com/
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Franklin Distributors, LLC. Member FINRA, SIPC. All entities mentioned are Franklin Templeton affiliates companies. NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE. Reports and other information about the fund are available on the EDGAR Database on the SEC's Internet site at https://www.sec.gov/