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Blackstone closes in on $617 million CMBS loan for nine-state apartment portfolio

Deal signals rise of multifamily single-borrower transactions
Blackstone acquired Capri North and South in Las Vegas last year, adding 624 units to its national portfolio. (CoStar)
Blackstone acquired Capri North and South in Las Vegas last year, adding 624 units to its national portfolio. (CoStar)
CoStar News
March 11, 2026 | 8:23 P.M.

A subsidiary of private equity giant Blackstone has lined up $617 million in acquisition financing to cover the purchase of 2,936 U.S. apartments over the past two years.

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