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Market Chatter: Morgan Stanley to Buy $700 Million in Property Debt from Lenders Including Blackstone
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Market Chatter: Morgan Stanley to Buy $700 Million in Property Debt from Lenders Including Blackstone
May 15, 2024 6:06 AM

08:32 AM EDT, 05/15/2024 (MT Newswires) -- Morgan Stanley ( MS ) has entered a deal to buy roughly $700 million of property loans made by Signature Bank from several lenders including Blackstone (BX), Canada Pension Plan Investment Board and Rialto Capital, Bloomberg News reported Wednesday, citing people familiar with the matter.

Jones Lang LaSalle (JLL) served as an adviser to the sale, the report said.

None of the companies immediately responded to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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