Blackstone acquires $2 billion in CRE loans from Atlantic Union Bankshares-February 2024-www.financetom.com

Blackstone acquires $2 billion in CRE loans from Atlantic Union Bankshares

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Blackstone acquires $2 billion in CRE loans from Atlantic Union Bankshares

Jun 26, 2025 2:36 PM

June 26 (Reuters) - Alternative asset manager Blackstone

has bought commercial real estate loans worth nearly $2

billion from Atlantic Union Bankshares ( AUB ), the companies

said on Thursday.

The loans were part of Sandy Spring Bank, which Atlantic

Union bought in a $1.6 billion deal in April.

Proceeds from the loan sale will enable Atlantic Union to

pay down costly deposits and expand its portfolio of securities

investments, the company said.

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