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Blackstone Group Has Secured The Most CMBS Single-Borrower Financing This Year


CMBS issuance is up 40% year-to-year and there is one company in particular that accounts for the largest number of loans issued year-to-date: Blackstone Group.

The majority of the activity in the CMBS market has been single-borrower deals, which are up 117%, CoStar reports. So far this year, lenders have issued 54 single-borrower CMBS loans totaling $32.8M, and Blackstone and its affiliates account for 13 of them. The world's largest property owner received commercial mortgages totaling $10.6B in 2017; this does not include the two deals that are in the works.

The first deal involves Blackstone’s purchase of six office properties in Burbank, California, which total 3.3M SF and are worth $1.7B combined. The second involves Blackstone's acquisition of the International Market Centers in North Carolina and Nevada. Citigroup will be leading an offering secured by this recent transaction, CoStar reports.