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Benefit Street, Capstead Mortgage Agree To Merge in Shift Toward Multifamily

Deal Calls for Transferring $900 Million in Residential Capital Into Commercial Property
After a 30-year history of investing in single-family residential mortgages, Capstead Mortgage's capital will be shifted toward multifamily and commercial mortgages. (Getty Images)
After a 30-year history of investing in single-family residential mortgages, Capstead Mortgage's capital will be shifted toward multifamily and commercial mortgages. (Getty Images)

Benefit Street Partners Realty Trust agreed to merge with Capstead Mortgage, one of the country’s oldest residential mortgage real estate investment trusts, in a move that seeks to capitalize on the hot U.S. apartment market.

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