Blackstone REIT lends $211m on US office portfolio

Blackstone Mortgage Trust (BXMT) has provided a $210.7m floating-rate loan to Banyan Street Capital and Oaktree Capital Management for the acquisition of a 19-building suburban office building portfolio located across six US states. The loan helps to fund the $237m acquisition as well as additional capital expenditures and leasing costs associated with the properties.