PresentationLindsey CrabbeDirector of Investor Relations Good morning, everyone, and thank you for joining us today. I'm Lindsey Crabbe, and I'm pleased to serve as today's moderator. Joining me are Rich Byrne, CEO of FBRT; Mike Comparato, President of FBRT; and Jerry Baglien, CFO and COO of FBRT. Before we get started, there's just a few housekeeping notes. We are going to record this webinar and post it to our website so anyone can join if they'd like to in the future. And please take a moment to review t ...

Core Insights - The acquisition of Newpoint by FBRT was completed on July 1, enhancing FBRT's capabilities in commercial real estate finance [3] - Newpoint is recognized as a leading vertically integrated company in the sector, providing various services including loan origination and asset management [3] - This acquisition positions FBRT to improve income stability and supports long-term growth in book value per share [3] Company Overview - FBRT's leadership includes CEO Rich Byrne, President Mike Comparato, and CFO Jerry Baglien, who participated in the recent webinar [1] - The company aims to leverage the acquisition to strengthen its agency origination and servicing platform [3] Industry Context - Newpoint is one of only 19 multifamily originators in the U.S. approved by all three Government-Sponsored Enterprises (GSEs): Fannie Mae, Freddie Mac, and FHA/HUD [3] - The acquisition reflects a strategic move within the commercial real estate finance industry to consolidate services and enhance operational capabilities [3]