Brief: Blackstone Real Estate Debt Strategies And Others Acquire A 20% Equity Stake In A Venture Holding

Signature Bank

14/12/2023 23:33

Dec 14 (Reuters) - Blackstone Inc  BX.N :
    * BLACKSTONE REAL ESTATE DEBT STRATEGIES, BLACKSTONE REAL
ESTATE
INCOME TRUST, CPP INVESTMENTS AND RIALTO CAPITAL ACQUIRE A 20%
EQUITY STAKE IN A VENTURE HOLDING APPROXIMATELY $17 BILLION
COMMERCIAL REAL ESTATE LOAN PORTFOLIO OF FORMER SIGNATURE BANK
    * BLACKSTONE INC: FDIC IS MAINTAINING AN 80% OWNERSHIP STAKE
IN
VENTURE AND PROVIDED FINANCING EQUAL TO 50% OF VENTURE'S VALUE

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 ((Reuters.Briefs@thomsonreuters.com;))