Exclusive | Blackstone Buys Another $2 Billion in Discounted Commercial Real-Estate Loans - WSJ
1. Blackstone purchases $2 billion in discounted real-estate loans from Atlantic Union. 2. Over 24 months, Blackstone bought $20 billion in commercial property debt. 3. Small banks struggle with loans made before rising interest rates, affecting financing. 4. Encouraging signs for commercial property market amid current economic downturn. 5. Merger activity may increase with banks selling loan portfolios to reduce losses.