Blackstone acquires $2 billion in CRE loans from Atlantic Union at discount

From Yahoo Finance: 2025-06-26 16:57:00

Blackstone has acquired nearly $2 billion in commercial real estate loans from Atlantic Union Bankshares at a slight discount. The sale allows Atlantic Union to reduce its exposure to CRE loans amid rising interest rates and remote work trends. Proceeds will be used to pay down deposits and expand investments. Analysts view the sale positively.

Blackstone continues to expand its presence in the CRE sector by acquiring assets at a discount. The company has been capitalizing on banks’ retreat to secure higher-yielding opportunities. This deal is executed through its Real Estate Debt Strategies arm, which manages $76 billion in assets. Morgan Stanley advised Atlantic Union, while Citigroup and CBRE advised Blackstone.



Read more at Yahoo Finance: Blackstone deepens CRE bet with $2 billion loan purchase from Atlantic Union