Blackstone Mortgage Trust has agreed to acquire a $4.6bn commercial mortgage loan portfolio from GE Capital Real Estate

Blackstone Mortgage Trust, a real estate trust, has agreed to acquire a $4.6bn commercial mortgage loan portfolio from GE Capital Real Estate, real estate company. “This is a huge leap forward for BXMT, and highlights the unparalleled benefits of being part of the Blackstone Real Estate platform. This was a complex transaction we were uniquely equipped to evaluate, and to move with speed and certainty to signing. BXMT will be adding $4.6bn of loans, which effectively doubles the size of our asset base. We expect our stockholders will realize significant value accretion from this greater scale.” Michael Nash, Blackstone Mortgage Trust Executive Chairman.