{"id":1004117355,"date":"2015-04-13T05:48:45","date_gmt":"2015-04-13T13:48:45","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004117355"},"modified":"2022-12-08T17:57:03","modified_gmt":"2022-12-09T01:57:03","slug":"analysts-buzzing-about-ge-capital-acquisition","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/analysts-buzzing-about-ge-capital-acquisition\/","title":{"rendered":"Analysts Buzzing About GE Capital Acquisition"},"content":{"rendered":"
\"Mozer\"<\/a>

Gary Mozer, George Smith Partners<\/p><\/div>\n

Analysts are still reeling from the surprising deal last week, which saw Blackstone and Wells Fargo acquiring $23 billion in assets from GE Capital.<\/p>\n

\u201cI think it makes sense because when you read all the press out there, GE wanted to get focused on manufacturing, so it made sense from their point of view,\u201d Gary Mozer, George Smith Partners\u2019 principal & managing director, told Commercial Property Executive<\/i>. \u201cFrom Wells Fargo\u2019s point of view, they\u2019re the 900-pound gorilla and have the ability to absorb this; they have a healthy balance sheet, they have the infrastructure and they\u2019re one of the best merchant banks in the business.\u201d<\/p>\n

This was a deal that was something of a shock to most, with few seeing this coming. Mozer heard from industry insiders that the whole deal came down in three weeks with people working night and day to get it done quickly.<\/p>\n

\u201cThis is a major step in our strategy to focus GE around its competitive advantages,\u201d Jeffrey Immelt, GE\u2019s CEO, said in a company statement. Immelt has gone on record saying his goal was to par GE Capital and increase its industrial side after the division\u2019s lack of access to credit during the 2008 financial crisis put the parent company at risk.<\/p>\n

The transaction will see Wells Fargo purchasing performing first mortgage commercial real estate loans valued at $9 billion in the United States, U.K. and Canada; Blackstone\u2019s latest flagship global real estate fund, BREP VIII, has agreed to purchase the U.S. equity assets for $3.3 billion; and Blackstone\u2019s European real estate fund, BREP Europe IV, has agreed to purchase the European equity real estate assets, for $2.01 billion.<\/p>\n

Additionally, BXMT, Blackstone\u2019s publicly traded commercial mortgage REIT, has agreed to purchase a $4.6 billion portfolio of first mortgage loans primarily in the U.S. with Wells Fargo providing the financing, and Multi BREDS, Blackstone\u2019s real estate debt fund, has agreed to purchase performing first mortgage loans in Mexico and Australia for $4.2 billion.<\/p>\n

According to Mozer, GE filled a niche in the commercial real estate industry and the deal takes out a major player, who was a very creative, tough and fair lender.<\/p>\n

\u201cThey\u2019re a great non-recourse lender, they price risk differently and are a great lender to do deals with,\u201d Mozer concluded. \u201cThey were also focused on cash flow so they didn\u2019t get tied up with appraisals. Because they weren\u2019t regulated by banks, GE could always do a loan without an appraisal. We\u2019re going to miss them as a lender in the community.\u201d<\/p>\n

For the transaction, Eastdil Secured\/Wells Fargo Securities acted as advisor to Blackstone and Wells Fargo. Simpson Thacher & Bartlett L.L.P. acted as legal counsel to Blackstone and Dechert L.L.P. acted as legal counsel to Wells Fargo.<\/p>\n","protected":false},"excerpt":{"rendered":"

Analysts are still reeling from the surprising deal on Friday, which saw Blackstone and Wells Fargo acquiring billions in assets from GE Capital.<\/p>\n","protected":false},"author":952,"featured_media":1004117357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,21783,21742],"tags":[],"class_list":["post-1004117355","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-investment","category-latest"],"acf":[],"yoast_head":"\nAnalysts Buzzing About GE Capital Acquisition - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/analysts-buzzing-about-ge-capital-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Analysts Buzzing About GE Capital Acquisition\" \/>\n<meta property=\"og:description\" content=\"Analysts are still reeling from the surprising deal on Friday, which saw Blackstone and Wells Fargo acquiring billions in assets from GE Capital.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/analysts-buzzing-about-ge-capital-acquisition\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-04-13T13:48:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:57:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/Mozer.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"448\" \/>\n\t<meta property=\"og:image:height\" content=\"317\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Anna Spiewak\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/analysts-buzzing-about-ge-capital-acquisition\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/analysts-buzzing-about-ge-capital-acquisition\/\",\"name\":\"Analysts Buzzing About GE Capital Acquisition - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/analysts-buzzing-about-ge-capital-acquisition\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/analysts-buzzing-about-ge-capital-acquisition\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/Mozer.jpg\",\"datePublished\":\"2015-04-13T13:48:45+00:00\",\"dateModified\":\"2022-12-09T01:57:03+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1bbb99675c2609ea2e6792f8b25d7b76\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/analysts-buzzing-about-ge-capital-acquisition\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/analysts-buzzing-about-ge-capital-acquisition\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/analysts-buzzing-about-ge-capital-acquisition\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/Mozer.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/Mozer.jpg\",\"width\":448,\"height\":317},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/analysts-buzzing-about-ge-capital-acquisition\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Analysts Buzzing About GE Capital Acquisition\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1bbb99675c2609ea2e6792f8b25d7b76\",\"name\":\"Anna Spiewak\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/ca81c045f3cbec45b685f13082ecf7d9870a1909fe3ec2d4d15b1dea4897f406?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/ca81c045f3cbec45b685f13082ecf7d9870a1909fe3ec2d4d15b1dea4897f406?s=96&d=mm&r=g\",\"caption\":\"Anna Spiewak\"},\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/annaspiewak\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Analysts Buzzing About GE Capital Acquisition - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/analysts-buzzing-about-ge-capital-acquisition\/","og_locale":"en_US","og_type":"article","og_title":"Analysts Buzzing About GE Capital Acquisition","og_description":"Analysts are still reeling from the surprising deal on Friday, which saw Blackstone and Wells Fargo acquiring billions in assets from GE Capital.","og_url":"https:\/\/www.commercialsearch.com\/news\/analysts-buzzing-about-ge-capital-acquisition\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2015-04-13T13:48:45+00:00","article_modified_time":"2022-12-09T01:57:03+00:00","og_image":[{"width":448,"height":317,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/Mozer.jpg","type":"image\/jpeg"}],"author":"Anna Spiewak","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/analysts-buzzing-about-ge-capital-acquisition\/","url":"https:\/\/www.commercialsearch.com\/news\/analysts-buzzing-about-ge-capital-acquisition\/","name":"Analysts Buzzing About GE Capital Acquisition - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/analysts-buzzing-about-ge-capital-acquisition\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/analysts-buzzing-about-ge-capital-acquisition\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/Mozer.jpg","datePublished":"2015-04-13T13:48:45+00:00","dateModified":"2022-12-09T01:57:03+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1bbb99675c2609ea2e6792f8b25d7b76"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/analysts-buzzing-about-ge-capital-acquisition\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/analysts-buzzing-about-ge-capital-acquisition\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/analysts-buzzing-about-ge-capital-acquisition\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/Mozer.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/Mozer.jpg","width":448,"height":317},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/analysts-buzzing-about-ge-capital-acquisition\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Analysts Buzzing About GE Capital Acquisition"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/1bbb99675c2609ea2e6792f8b25d7b76","name":"Anna Spiewak","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/ca81c045f3cbec45b685f13082ecf7d9870a1909fe3ec2d4d15b1dea4897f406?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/ca81c045f3cbec45b685f13082ecf7d9870a1909fe3ec2d4d15b1dea4897f406?s=96&d=mm&r=g","caption":"Anna Spiewak"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/annaspiewak\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/Mozer.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004117355","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/952"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004117355"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004117355\/revisions"}],"predecessor-version":[{"id":1004612103,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004117355\/revisions\/1004612103"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004117357"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004117355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004117355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004117355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}