NYSE:RITMMortgage REITs
Rithm Capital Redefines Its Role With Paramount Deal And NewRez Growth
Rithm Capital (NYSE:RITM) has moved into high profile commercial real estate through the acquisition of Paramount.
The deal adds 13 Class A office buildings across New York and San Francisco to Rithm's portfolio.
The company is also reporting record growth in asset management and technology driven mortgage servicing through NewRez.
Rithm Capital, trading at $10.18, is drawing fresh attention as it shifts from a primarily mortgage focused business into a broader credit and real estate...