MS - Morgan Stanley Obtains $700M Property Loan From Blackstone Venture | Benzinga
Morgan Stanley (NYSE:MS) has entered into a deal to acquire around $700 million of property loans from the failed Signature Bank through a consortium.
The consortium involves Blackstone Inc. (NYSE:BX), Canada Pension Plan Investment Board, and Rialto Capital.
The transaction, marks a significant move in the commercial-property finance arena, according to a report from Bloomberg.
Jones Lang LaSalle Inc (NYSE:JLL) advised on the sale. Representatives for Blackstone, CPPIB, and Morgan Stanley opted not to provide comments.
Last year, Blackstone and associates secured a ...