Blackstone Secures $2.8B Loan For Retail Portfolio In Los Angeles And West Coast Markets

The asset involved is a retail portfolio consisting of 85 assets across major West Coast markets, including Los Angeles, San Francisco, Seattle, and Portland. The largest property in this portfolio is the Fallbrook Shopping Center in L.A. The portfolio is 95.6% leased and is primarily anchored by grocery stores, featuring a loan amount of $2.8 billion, which is part of a broader $4 billion acquisition deal.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $2,800,000,000
• Lender: Morgan Stanley, Bank of America, Wells Fargo
• Landlord: Stephen A. Schwarzman, Jonathan Gray, Kathleen McCarthy, Nadeem Meghji - Blackstone (BX) Real Estate Partners

The financing of Blackstone’s $4 billion acquisition of ROIC involves a $2.8 billion CMBS deal led by Morgan Stanley, Bank of America, Citi, and Wells Fargo. This transaction highlights the active participation of significant financial institutions in supporting large-scale retail property acquisitions in prominent markets.