Rithm Capital Corp (RITM) News & EventsRITMRithm Capital Corp

Rithm Capital Closes Joint Venture with DRA Advisors

Rithm Capital announced the closing of a joint venture with a fund managed by DRA Advisors for the ownership of 1301 Avenue of the Americas, one of the flagship assets in the New York City office portfolio of Elecor Properties. Rithm, through Elecor, will continue to hold majority ownership of the asset and operate the building on behalf of the joint venture. Terms of the transaction are not being disclosed. In December 2025, Rithm acquired Elecor and its portfolio of high-quality Class A office buildings in New York and San Francisco to capitalize on a generational opportunity in the office market. Since then, Rithm has invested in capital improvements across the portfolio and scaled its asset management platform to support it. The strength of the assets and the operating company has driven strong performance and growing interest from institutional investors seeking to partner with Rithm on high-quality real estate. Rithm intends to pursue similar capital partnerships across the portfolio going forward.

Sculptor Capital Management Resets and Upsizes CLO XXXIII to $450M

Sculptor Capital Management announced the reset and upsize of Sculptor CLO XXXIII, a $450M U.S. collateralized loan obligation. CLO 33 was upsized by $45M from its original closing. The reset establishes a new five-year reinvestment period and a two-year non-call period. Sculptor completed the transaction without requiring additional equity, supported by approximately 50 basis points of par build generated in the portfolio over the past two years. The transaction was arranged by JP Morgan.

Rithm Reports Q2 Revenue of $1.28B, Below Expectations

Reports Q2 revenue $1.28B, consensus $1.42B. "Rithm's strong Q2 performance reflects the significant momentum of our owner-operator platform, which continues to prove its depth and durability," said Michael Nierenberg, CEO. "Despite an uncertain macro environment, our asset management business reached $61 billion in AUM on $1.9 billion of gross inflows, while Genesis delivered its strongest origination quarter ever and Newrez posted a 22% annualized operating return on equity. With Elecor building strong leasing momentum, every pillar of our platform is performing. As our clients deepen their engagement with Rithm, we are confident in our positioning and the compelling opportunities ahead to deliver for our clients and shareholders."