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$315M Blackstone Portfolio Loan Goes Into Default
Blackstone could not agree a loan maturity extension with lenders.
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Blackstone could not agree a loan maturity extension with lenders.
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Blackstone exec said investors can't paint all of CRE with a single brush stroke.
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The portfolio includes high-performing properties across nine states.
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Blackstone paid $129M for the towers in 2014.
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The investment and data center giants are partnering to develop 10 facilities in Frankfurt, Paris and Virginia.
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The companies believe the law will choke off a much-needed source of capital.
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The refinancing, being securitized as a CMBS deal, is backed by four data centers and is helping fund build-out costs for new tenants.
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BREIT sells off yet another asset, trading its 22% stake as Vegas heats back up.
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The fund exceeded its target and counts pension funds among its investors.
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Prologis will buy 70 industrial properties in an all-cash deal with Blackstone.
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