Real Estate
Blackstone’s BXMT Lends $189 Million for Outdoor Storage Lots
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Blackstone Inc.’s mortgage real estate investment trust is lending $189 million for outdoor industrial storage lots owned by a division of Alterra Property Group.
The loan from Blackstone Mortgage Trust Inc. is financing the recent purchase of 49 properties concentrated in US markets such as Atlanta, Chicago and Tampa, Florida, Alterra said.