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Blackstone returns to CMBS market with $435 million apartment refinancing

Private equity giant's first multifamily securitization this year backs 1,717 units
The portfolio includes the 296-unit Milano Lakes in Naples, Florida. (CoStar)
The portfolio includes the 296-unit Milano Lakes in Naples, Florida. (CoStar)
CoStar News
September 29, 2025 | 7:18 P.M.

A Blackstone multifamily portfolio is the collateral for a $435 million loan on the commercial mortgage-backed securities market that investors are expecting this week.

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News | Blackstone returns to CMBS market with $435 million apartment refinancing