Reported about 6 hours ago
Blackstone has intensified its investment in the commercial real estate (CRE) sector by acquiring nearly $2 billion in CRE loans from Atlantic Union Bankshares. This transaction, completed at a slight discount, allows Atlantic Union to reduce its CRE loan exposure amid challenges from rising interest rates and increasing office vacancies. For Blackstone, this purchase represents an opportunity to acquire assets at a favorable price, continuing its strategic expansion in the sector.
Source: YAHOO