Rithm Capital forms joint venture with DRA Advisors for 1301 Avenue of the Americas ownership

• Rithm Capital closed a joint venture with a DRA Advisors-managed fund for ownership of 1301 Avenue of the Americas in Midtown Manhattan.
• Elecor will retain majority ownership, operating the 45-story, 1.7 million-square-foot office tower on behalf of the venture.
• Deal terms were not disclosed; transaction positions Rithm to pursue similar institutional capital partnerships across its office portfolio.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Rithm Capital Corp. published the original content used to generate this news brief via Business Wire (Ref. ID: 202610020830BIZWIRE_USPR_____20261001_BW235036) on October 02, 2026, and is solely responsible for the information contained therein.