Blackstone’s $17 billion property lending arm isn’t giving up on its office bets

Quick Summary:

Investors have little appetite for all but the best offices.

While the Blackstone unit had more than half its portfolio tied to office loans at the start of the pandemic, similar arms at Apollo Global Management Inc.and KKR & Co.reported concentrations below 30%.

BXMT shares finished last year down some 50% from their pandemic peak, lopping off about $2 billion in market value before rebounding in February.

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Article Details

Author / Journalist: Neil Callanan, Dawn Lim, Natalie Wong, Bloomberg

Category: EconomyBusiness

Markets: United States

Topics: New York New York City Blackstone Real Estate

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-13 @ 22:05:03 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 1395 words

Reading Time: 8 minutes read

Sentences: 4 lines

Sentence Length: 349 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 26969873

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