Franklin BSP Realty Trust reappointed Chairman Richard Byrne as Chief Executive Officer on September 17, 2026. Byrne previously served as the company’s CEO from 2016 until February 2026.
The appointment follows the September 15 resignation of Michael Comparato. Comparato will transition to a senior advisor role at Benefit Street Partners through 2027.
Chief Financial Officer and Chief Operating Officer Jerome "Jerry" Baglien has been promoted to co-president. This leadership restructuring aims to maintain continuity and disciplined strategy execution within the commercial real estate credit market.