Franklin BSP Realty Trust, Inc. is a real estate investment trust (REIT) that originates, acquires, and manages a diversified portfolio of commercial real estate debt investments. The company focuses on originating and acquiring first mortgage loans, mezzanine loans, and other commercial real estate debt investments. Its portfolio is generally secured by properties located in the United States and is diversified by property type and geographic location. The company aims to generate stable income, preserve invested capital, and provide attractive risk-adjusted returns to its shareholders. Franklin BSP Realty Trust is externally managed by Benefit Street Partners, L.L.C., and is committed to responsible environmental practices and corporate governance.