Blackstone readies mammoth $5.6bn warehouse CMBS

warehouse
By Max Adams
07 Oct 2019

Blackstone is in the market this week with a $5.6bn CMBS deal backed by a portfolio of industrial properties, the largest commercial mortgage bond issuance since 2014.

The private equity firm has tapped the CMBS market to help finance part of its $18.7bn purchase of industrial and logistics properties from GLP, announced in June. The transaction, BX Commercial Mortgage Trust 2019-XL, is the largest CMBS deal since 2014, when Blackstone issued a $3.5bn CMBS as ...

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