FBRED-C Feeder REIT Trust CEO Resigns; CFO Baglien Named President

What Happened
FBRED-C Feeder REIT Trust filed an 8-K on September 17, 2026, announcing that its sole trustee appointed Jerome S. Baglien—currently the Company's Chief Financial Officer and Chief Operating Officer—as President effective September 16, 2026. Mr. Baglien succeeds Michael Comparato, who resigned as the Company's Chief Executive Officer and President on September 15, 2026. Mr. Comparato will continue to serve as an advisor to Benefit Street Partners L.L.C., the Company’s external advisor.

Key Details

• Appointment effective: Jerome S. Baglien named President effective September 16, 2026.
• Resignation date: Michael Comparato resigned as CEO and President on September 15, 2026.
• Roles retained: Baglien continues as CFO and COO in addition to the President role.
• Advisor role: Comparato will remain in an advisory capacity to Benefit Street Partners L.L.C., the Company’s external advisor.

Why It Matters
This is a leadership change at the top of the trust: the CEO/President has stepped down and the current CFO/COO has been elevated to President, which suggests management continuity since an existing executive assumed the role immediately. Investors should note the change in senior leadership and that the former CEO remains connected to the adviser, but the filing does not disclose reasons for the resignation or any changes to compensation or strategy. Monitor future disclosures for any operational or governance impacts.