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Blackstone CMBS Refinancings This Year Approach $12 Billion

Upcoming $1.38 Billion Deal Backs 142 Industrial Properties
The newly built distribution center at 1 Wiley Drive in Somerset, New Jersey, is the largest property backing a new loan to Blackstone Real Estate Income Trust. (CoStar)
The newly built distribution center at 1 Wiley Drive in Somerset, New Jersey, is the largest property backing a new loan to Blackstone Real Estate Income Trust. (CoStar)

Blackstone Real Estate Income Trust is preparing to close later this month on a $1.38 billion loan refinancing a portfolio of 142 industrial properties as the real estate type and borrower win favor with lenders on the commercial mortgage-backed securities market.

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