Atlantic Union sells $2 billion CRE loan portfolio to Blackstone, enhancing growth capacity

From Nasdaq: 2025-06-27 19:18:00

Atlantic Union Bankshares Corporation has completed the sale of $2 billion in performing commercial real estate loans to Blackstone Real Estate Debt Strategies. The loans were acquired through a recent merger with Sandy Spring Bancorp. CEO John Asbury stated the sale aligns with post-merger integration goals and enhances growth capacity. Blackstone’s Tim Johnson highlighted the firm’s $76 billion in AUM. The portfolio was sold in the low 90s as a percentage of par, with proceeds used to reduce funding costs and expand securities holdings. This adds to Blackstone’s $20 billion in CRE loan acquisitions over the past two years. Stock closed at $151.11 on Friday.



Read more at Nasdaq: Atlantic Union Sells $2 Bln CRE Loan Portfolio To Blackstone To Reduce Exposure