Blackstone has sold another $400 million in commercial real estate debt tied to Signature Bank’s loan portfolio. Bayview Asset Management acquired 121 loans backed by office, multifamily, retail, and industrial assets—mostly in New York City—at a slight discount. The loans were part of a $395 million portfolio marketed by Newmark. This marks at least the third sale from the Blackstone-Rialto-Canada Pension Plan venture, which bought a 20% stake in Signature’s $17 billion loan book. Blackstone also recently received an $800 million commitment from Norway’s Norges Bank for its logistics fund.
Signature Bank’s loan portfolio
