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A $2.95 Billion Loan Backing Blackstone’s Acquisition of AIR Communities Heads to CMBS Market

Wells Fargo Prepares Largest Multifamily Offering in Two Years
The 3400 Avenue of the Arts Apartments in Costa Mesa, California, is the largest complex supporting a $2 billion loan. (CoStar)
The 3400 Avenue of the Arts Apartments in Costa Mesa, California, is the largest complex supporting a $2 billion loan. (CoStar)

The lenders to Blackstone’s $10 billion purchase of nearly 27,400 apartments are set to give investors a chance to own a substantial share of the financing.

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News | A $2.95 Billion Loan Backing Blackstone’s Acquisition of AIR Communities Heads to CMBS Market