Blackstone Mortgage Trust Announces Closing of Public Offering of Class A Common Stock and Full Exercise of Option by

  Blackstone Mortgage Trust Announces Closing of Public Offering of Class A
           Common Stock and Full Exercise of Option by Underwriters

PR Newswire

NEW YORK, Jan. 14, 2014

NEW YORK, Jan. 14, 2014 /PRNewswire/ --Blackstone Mortgage Trust, Inc. (NYSE:
BXMT) (the "Company") today announced the closing of its previously announced
underwritten public offering of its class A common stock. A total of 9,775,000
shares of class A common stock was sold, comprised of 8,500,000 shares
initially offered and an additional 1,275,000 shares sold pursuant to the
underwriters' full exercise of their option to purchase additional shares, in
each case at a price to the underwriters of $26.25 per share. Aggregate net
proceeds to the Company, after estimated offering expenses, were approximately
$256.1 million.

The Company intends to use the net proceeds from the offering to originate and
purchase additional commercial mortgage loans and other target assets and
investments consistent with its investment strategies and investment
guidelines, and for working capital and other general corporate purposes.

BofA Merrill Lynch, Citigroup, J.P. Morgan and Wells Fargo Securities acted as
joint book-running managers for the offering.

The offering was made pursuant to the Company's currently effective shelf
registration statement filed with the Securities and Exchange Commission.

This press release shall not constitute an offer to sell or a solicitation of
an offer to buy nor shall there be any sale of these securities in any state
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state or
jurisdiction.

About Blackstone Mortgage Trust
Blackstone Mortgage Trust, Inc. (NYSE: BXMT) is a real estate finance company
that primarily originates and purchases senior mortgage loans collateralized
by properties in the United States and Europe. The Company is externally
managed by BXMT Advisors L.L.C., a subsidiary of The Blackstone Group L.P., or
Blackstone, and is a real estate investment trust traded on the NYSE under the
symbol "BXMT." Blackstone Mortgage Trust, Inc. is headquartered in New York
City.

About Blackstone
Blackstone (NYSE: BX) is one of the world's leading investment and advisory
firms. Blackstone seeks to create positive economic impact and long-term value
for its investors, the companies it invests in, the companies it advises and
the broader global economy. Blackstone does this through the commitment of its
extraordinary people and flexible capital. Blackstone's asset management
businesses include investment vehicles focused on private equity, real estate,
hedge fund solutions, non-investment grade credit, secondary funds, and multi
asset class exposures falling outside of other funds' mandates. Blackstone
also provides various financial advisory services, including financial and
strategic advisory, restructuring and reorganization advisory and fund
placement services.

Forward-looking Statements
This press release contains certain forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended, including statements
relating to future financial results and business prospects. The
forward-looking statements contained in this press release are subject to
certain risks and uncertainties including, but not limited to, the risks
indicated from time to time in Blackstone Mortgage Trust Inc.'s Form S-3 (File
No. 333-190191), as amended, and the documents incorporated in the
registration statement, including Blackstone Mortgage Trust, Inc.'s Form 10-K
for the fiscal year ended December 31, 2012 and Form 10-Q for the fiscal
quarters ended March 31, 2013, June 30, 2013 and September 30, 2013.
Blackstone Mortgage Trust, Inc. assumes no obligation to update or supplement
forward-looking statements that become untrue because of subsequent events or
circumstances.

SOURCE Blackstone Mortgage Trust, Inc.

Contact: Public Affairs, Blackstone, New York, +1 212 583 5263
 
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