07:05 AM EDT, 05/28/2024 (MT Newswires) -- Blackstone (BX) Real Estate Debt Strategies said Tuesday it acquired a $1 billion senior mortgage loan portfolio from German real estate lender Deutsche Pfandbriefbank, or PBB.

The portfolio is made up of 11 loans secured against multifamily, office and hospitality assets across the UK and US, according to Blackstone.

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