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The US CMBS multifamily delinquency rate is now the best performer among the major asset classes thanks to the pay off of the $3 billion Stuyvesant Town-Peter Cooper Village loan.
The New York State Teachers Retirement System (NYSTRS) has reportedly struck a deal for its first real estate debt mandate with Blackstone through a $500m (€460m) separate account that will target the US and UK.
The New Jersey State Investment Council (NJSIC) approved a $100 million commitment to the Blackstone Real Estate Debt Strategies (BREDS) Fund III.
US private equity giant Blackstone has confirmed that it has raised $1.3 billion for the initial closing of its third real estate debt fund.
Blackstone Real Estate Debt Strategies is planning a first close on its latest real estate debt fund by as soon as the end of the year.
Blackstone has signed an agreement today with Fannie Mae for a $2.7 billion loan backing its $5.3 billion acquisition of the Stuyvesant Town and Peter Cooper Village apartment complex.
New York Life Insurance Co. and TIAA-CREF teamed up to place a $648 million loan on the acquisition of two Boston office buildings.
The 601W Companies has financed its $712 million acquisition of one of Chicago’s tallest skyscrapers, Aon Center, with a $600 million financing package from Bank of China and Blackstone.
Trepp expects a 60 basis point drop in November's US CMBS delinquency rate thanks to the anticipated resolution of a $3 billion securitized loan tied to Blackstone’s purchase of Stuyvesant Town-Peter Cooper Village.
Lone Star Funds has secured a $5.121bn Freddie Mac loan from Berkadia on its multi-billion-dollar acquisition of Home Properties, Inc.

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