{"id":1004749983,"date":"2025-03-07T11:34:27","date_gmt":"2025-03-07T19:34:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004749983"},"modified":"2025-03-10T07:43:41","modified_gmt":"2025-03-10T15:43:41","slug":"blackstone-closes-8b-real-estate-debt-fund","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/blackstone-closes-8b-real-estate-debt-fund\/","title":{"rendered":"Blackstone Closes $8B Real Estate Debt Fund"},"content":{"rendered":"
\n
\"Jonathan
Blackstone President & COO Jonathan Gray. Last month the company took Retail Opportunity Investment Corp. private. Photo courtesy of Blackstone<\/em><\/figcaption><\/figure><\/div>\n\n\n

Blackstone has closed an $8 billion real estate debt fund, the firm said on Friday. The vehicle is only the second of its kind to secure a total capital commitment of that size.<\/p>\n\n\n\n

Blackstone Real Estate Debt Strategies V will target corporate credit, liquid securities, global scale lending and structured solutions for banks, insurance and mortgage companies in North America, Europe and Australia.<\/p>\n\n\n\n

The fund was raised over a period of two years, the Wall Street Journal<\/em> reported. BREDS V buys and makes property loans alongside banks and insurance companies, some of which are trying to alleviate their debt amid a wall of loan maturities<\/a>, the Journal <\/em>noted, adding that banks take on senior tranches of the capital stack while Blackstone assumes higher-yield segments.<\/p>\n\n\n\n

According to the Mortgage Bankers Association, $957 billion of outstanding commercial mortgages, representing 20 percent of the total, will mature this year. CMBS delinquency rates<\/a> have increased for the past six months.<\/p>\n\n\n\n

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READ ALSO:<\/strong> The Next Generation of CRE Investing<\/a><\/p>\n\n\n\n

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At present, the Blackstone’s Real Estate Debt Strategies business has more than $77 billion worth of assets under management. In 2020, Blackstone closed the only other commercial real estate debt fund to reach $8 billion in commitments.<\/p>\n\n\n\n

A fundraising standout<\/h2>\n\n\n\n

Blackstone\u2019s announcement follows a protracted slump in capital raising and transaction activity. As of the third quarter, 2024 had the lowest commercial property transaction volume<\/a> since 2013, Altus Group data shows. Private Equity International<\/em> reports that the $746 billion in private equity closed was the lowest amount since the beginning of the pandemic.<\/p>\n\n\n\n

Friday’s announcement follows another recent ten-figure transaction by Blackstone. In February, the firm completed a $4 billion all-cash merger<\/a> with Retail Opportunity Investments Corp. that took the REIT private.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The fund will target diverse opportunities in the U.S. and beyond.<\/p>\n","protected":false},"author":3012,"featured_media":1004527531,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,23891,21742],"tags":[41993,32892],"class_list":["post-1004749983","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-national","category-latest","tag-altus-group","tag-blackstone"],"acf":[],"yoast_head":"\nBlackstone Closes $8B Real Estate Debt Fund - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"The fundraising is tied for the largest real estate debt fund of its kind.\" \/>\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\/blackstone-closes-8b-real-estate-debt-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blackstone Closes $8B Real Estate Debt Fund\" \/>\n<meta property=\"og:description\" content=\"The fundraising is tied for the largest real estate debt fund of its kind.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/blackstone-closes-8b-real-estate-debt-fund\/\" \/>\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=\"2025-03-07T19:34:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-10T15:43:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/Gray-Jon_HIGH-RESOLUTION-800x620-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gabriel Frank\" \/>\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\/blackstone-closes-8b-real-estate-debt-fund\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/blackstone-closes-8b-real-estate-debt-fund\/\",\"name\":\"Blackstone Closes $8B Real Estate Debt Fund - 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