11:35 AM EDT, 05/14/2025 (MT Newswires) -- Blackstone's (BX) joint venture sold $395 million of commercial real estate loans linked to New York area properties to Bayview Asset Management, Bloomberg reported Wednesday, citing people familiar with the matter.

Bayview purchased the portfolio of 121 performing loans backed by retail, multifamily, office and industrial properties at a discount, the report said.

Blackstone, Canada Pension Plan Investment Board and Rialto Capital bought a 20% stake in a joint venture that had $17 billion of loans from Signature, a US bank that failed two years ago, the report said.

Blackstone didn't immediately respond to a request for comment from MT Newswires.

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