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