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Blackstone, CPPIB Exclusive: Inside the New $1.2bn Deal

Blackstone, the largest owner of commercial real estate globally, is part of a joint venture that has won a 20% equity stake worth $1.2bn from the Federal Deposit Insurance Corporation’s (FDIC) acquisition of the nearly $17bn commercial-property loan portfolio from collapsed Signature Bank.

Blackstone expands its presence in New York with strategic loan portfolio acquisition. PHOTO: Jeenah Moon/Reuters
Blackstone expands its presence in New York with strategic loan portfolio acquisition. PHOTO: Jeenah Moon/Reuters

Blackstone formed the venture with its Real Estate Debt Strategies fund (BREDS) and its Real Estate Income Trust fund (BREIT), Canadian giant Canada Pension Plan’s Investment Board’s

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