'Blackstone Increases Bond Sale To Help Pay For REIT Acquisition; Upsize Suggests Investor Demand Is There For At Least Some CRE; Comes A Month After Blackstone Pulled Another CMBS From Market' - Bloomberg News
Portfolio Pulse from Benzinga Newsdesk
Blackstone Inc. is increasing its commercial mortgage bond offering from $2 billion to $2.95 billion to help finance its $10 billion acquisition of AIR Communities. The upsize indicates strong investor demand for certain properties in the US commercial real estate sector.
July 17, 2024 | 4:00 pm
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Blackstone Inc. is increasing its bond offering to $2.95 billion to help finance its $10 billion acquisition of AIR Communities, indicating strong investor demand in the commercial real estate sector.
The increase in the bond offering size from $2 billion to $2.95 billion suggests strong investor demand, which is a positive indicator for Blackstone's financial strategy and market confidence. This could lead to a short-term positive impact on BX's stock price.
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