During and after the second quarter, Rithm Property Trust invested in multifamily transitional loans originated by affiliate Genesis Capital. The CEO also emphasized that Rithm Property Trust has no legacy commercial real estate exposure, which he said differentiates the company from other commercial real estate mortgage REITs. Rithm had considered backstopping an offering, but Nierenberg said the proposed transaction would not have been an appropriate outcome for Rithm Property Trust shareholders. About Rithm Property Trust (NYSE:RPT)Rithm Property Trust Inc is a real estate investment trust (REIT) externally managed by an affiliate of Rithm Capital Corp. (Rithm). The company focuses on commercial real estate-focused investment, including originating, acquiring and managing portfolios of CMBS, commercial real property, commercial mortgage loans and other CRE investments.