November 14, 2025
AI boom fuels record-shattering $3.46 billion Blackstone data center deal as property values surge
Lenders are going to market with a $3.46 billion commercial mortgage-backed securities offering backed by Blackstone-owned data centers, breaking the previous record established by the same portfolio four years ago.The 10 data centers owned by Blackstone company QTS Realty Trust secured the refinancing to pay off the 2021 CMBS loan, according to presale reports. Citi Real Estate Funding is leading the loan origination, along with 10 additional lenders. The deal is expected to close in mid-December.