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Comrit offers to buy 1.8 million shares of Benefit Street Partners Realty Trust

Comrit Investments 1 LP launched an unsolicited offer to buy up to 1.8 million shares of Benefit Street Partners Realty Trust Inc.'s common stock for $13.08 per share in cash.

Comrit Investments and its affiliates beneficially own approximately 137,773 common shares, or less than 1% of Benefit Street's common stock outstanding as of July 31. Benefit Street had approximately 33,966,490 shares outstanding as of July 31. The 1.8 million shares sought in the tender offer constitute about 5.30% of its outstanding stock.

Comrit Investments will use its working capital to pay about $23.5 million if all shares sought are tendered in the offer.