Login

Blackstone Mortgage hit with Moody’s downgrade over weakening office portfolio

REIT’s impaired loans nearly doubled over past year to $2.35 billion

A subsidiary of Blackstone Mortgage Trust provided a $95.7 million loan in 2021 for the redevelopment of a former warehouse in New York’s Chelsea neighborhood. (CoStar)
A subsidiary of Blackstone Mortgage Trust provided a $95.7 million loan in 2021 for the redevelopment of a former warehouse in New York’s Chelsea neighborhood. (CoStar)

Moody's Ratings has downgraded Blackstone Mortgage Trust's corporate credit rating on what it sees as a deterioration in the real estate investment trust’s office loan portfolio.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In