Material Agreement (Form 8-K)

On May 13, 2026, Rithm Property Trust Inc. (the "Company"), through a wholly-owned subsidiary, consummated the purchase of a portfolio of multifamily residential transition loans ("RTLs") originated by Genesis Capital LLC ("Genesis"), a wholly-owned subsidiary of Rithm Capital Corp. ("Rithm Capital"). The purchase was made pursuant to a Flow Mortgage Loan Purchase and Sale Agreement (the "Flow MLPA"), by and between RPT Seller LLC, a wholly-owned subsidiary of the Company, and Rithm Loan Aggregation Trust (the "Seller"), an affiliate of RCM GA Manager LLC, the Company's external manager and a wholly-owned subsidiary of Rithm Capital. The Flow MLPA provides that the Company or subsidiaries thereof may, from time to time, purchase, on a servicing-released basis, one or more portfolios of multifamily RTLs originated by Genesis that meet certain eligibility criteria. The Flow MLPA contains customary terms governing periodic RTL sales, including representations and warranties relating to the origination, underwriting, documentation and legal compliance of the RTLs, as well as the Seller's repurchase for loans that fail to conform to the requirements of the Flow MLPA. The Company's obligation to purchase any mortgage loan is subject to standard conditions precedent, including, among other matters, the delivery of specified loan documentation. The Company has engaged Genesis as servicer of the RTLs.

The foregoing description is a summary of the terms of the Flow MLPA and does not purport to be complete. The foregoing description is qualified in its entirety by reference to the full text of the Flow MLPA, a copy of which will be filed as an exhibit to the Company's Quarterly Report on Form 10-Q to be filed with respect to the quarter ending June 30, 2026.