From The Real Deal · Jess Hardin · · 40s
Blackstone's $1.3B CMBS Loan Heads to Special Servicing
Blackstone's $1.3 billion CMBS loan faces special servicing after Sun Belt apartment distress intensifies.
In brief
Blackstone's $1.3 billion CMBS loan faces special servicing after Sun Belt apartment distress intensifies. Blackstone's $1.3 billion CMBS loan for Sun Belt apartments is now in special servicing due to widespread distress from interest rate hikes. Originally reported by The Real Deal.
Blackstone's $1.3B CMBS Loan
Blackstone's $1.3 billion CMBS loan was flagged for special servicing after maturing earlier this month.
Sun Belt Apartment Distress
Sun Belt apartment distress isn't just for multifamily syndicators, with Blackstone offloading properties since 2023.
Widespread Distress
Interest rate hikes have caused widespread Sun Belt apartment distress, with Texas troubled loans topping $1 billion in October 2026.
The big picture
Blackstone's $1.3 billion CMBS loan for Sun Belt apartments is now in special servicing due to widespread distress from interest rate hikes.
