Material Event (Form 8-K)

Rithm Property Trust Inc. (the "Company") determined to terminate its proposed public offering of the Company's common stock previously announced on July 13, 2026 (the "Offering"). As a result of such termination, no shares of common stock or preferred stock of the Company are being sold pursuant to the Offering or the contemplated concurrent private placement, and the Company will not acquire the portfolio of multifamily residential transition loans at this time.

The termination results from an assessment by the Company that current market conditions are not conducive for an offering on terms that would be in the best interests of the Company's stockholders.

The Offering was made pursuant to the Company's effective shelf registration statement filed with the Securities and Exchange Commission (the "SEC"). The Offering was made only by means of a prospectus and a related prospectus supplement filed with the SEC on July 14, 2026.

The information contained in this Item 8.01 does not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company, nor shall there be any sale of any such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.