Reported 4 months ago
Blackstone Inc. has acquired a $1 billion mortgage portfolio from Deutsche Pfandbriefbank AG, involving 11 loans secured against multifamily, office, and hospitality assets in the US and UK. The purchase was made on an all-cash basis by Blackstone's real estate debt strategies unit. This transaction is part of PBB's strategy to manage its balance sheet by divesting assets amidst concerns over potential impacts of the volatile commercial real estate markets in the US and Europe.
Source: YAHOO