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Annaly Capital

Annaly Commercial Real Estate Group has provided a $592m loan to an affiliate of Blackstone Real Estate Partners (BREP) VIII -- Blackstone Group’s $15.8bn global private equity fund -- and partner Fairstead Capital for the purchase of a 24-building multifamily apartment portfolio in New York City.
More residential mortgage REITs are seeking to diversify into commercial real estate lending as they struggle to hit target dividends, according to a report from Kroll Bond Rating Agency.
With the dissolution of GE Capital Real Estate looming, employees are beginning to trickle out of the platform to breathe fresh life into new ones. Most recently, a team of former GE Capital Real Estate lending experts has joined New York-based mortgage real estate investment trust Annaly Capital Management to expand its commercial real estate originations platform.

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