Blackstone REIT, Cortland Land $1.2B CMBS Loan to Recap Suburban Multifamily Portfolio

November 22, 2021 | Mack Burke | Commercial Observer

Blackstone Real Estate Income Trust (BREIT) and multifamily investor and operator Cortland have nabbed $1.2 billion in debt to recapitalize a portfolio of 17 suburban multifamily properties, according to a ratings agency analysis of the deal.

The two-year, interest-only and floating-rate commercial mortgage-backed securities (CMBS) loan was co-originated by Goldman Sachs, Bank of America and Société Générale, and it is expected to close Dec. 15, according to data from S&P Global Ratings.

Recent

Madison Capital Group Launches $250M Self-Storage Opportunity Fund

November 14, 2024

Madison Capital Group launches the Go Store It Opportunity Fund, LP, a $250 million investment initiative targeting self-storage facilities in high-growth Sun Belt markets to meet rising demand.

Investors Fully Subscribe ExchangeRight All-Cash DST with Strategic Exit Options

November 12, 2024

ExchangeRight’s fully subscribed All-Cash 5 DST offers investors tax-efficient passive income with stable monthly distributions backed by recession-resilient, net-leased real estate tenants.

CNL Strategic Capital Launches Second Follow-On Offering of $1.1 Billion

November 6, 2024

CNL Strategic Capital has launched a second follow-on offering to raise $1.1 billion, continuing its strategy to acquire and grow durable middle-market businesses.

LODAS Markets Names Industry Veteran Kyle Robey Head of Product for Transfer Agent Business

November 4, 2024

LODAS Markets appoints Kyle Robey as EVP and Head of Product for Transfer Agent, enhancing its automated platform for trading illiquid real estate and alternative investments.

Most Popular

Blue Vault Performance Reports Update 10-23-2023

October 23, 2023

Blue Vault has published the following Interval Fund and Tender Offer Fund individual performance reports...

Blue Vault Q2 2023 Performance Reports Update

October 3, 2023

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…

Blue Vault Q2 2023 Performance Reports Update

September 25, 2023

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Don’t miss alts news
and educational events
Subscribe Now