Franklin BSP Real Estate Debt appointed Jerome S. Baglien as president effective immediately after Michael Comparato resigned as CEO, president and director. Investors now have a Leadership structure combining Baglien’s president, CFO and COO responsibilities, while Comparato remains an advisor to the company’s external advisor.

Key Highlights

  • Jerome S. Baglien was appointed president effective immediately on September 16, 2026.
  • The board reduced its membership from six directors to five.
  • Michael Comparato resigned as chief executive officer, president and a director on September 15, 2026.

Franklin BSP Real Estate Debt changed its leadership after Jerome S. Baglien was appointed president effective immediately on September 16, 2026. Baglien already served as chief financial officer and chief operating officer. Michael Comparato resigned as chief executive officer, president and a director on September 15, 2026.

Baglien Assumes Presidency After Comparato Departure

Baglien now serves as president, chief financial officer and chief operating officer. Comparato’s departure covered his roles as chief executive officer and president, as well as his position as a director. The board also reduced its size. Franklin BSP Real Estate Debt’s authorized signatory on September 17, 2026, was Baglien, whose listed title was President, Chief Financial Officer and Chief Operating Officer.