Morgan Stanley Obtains $700M Property Loan From Blackstone Venture - Blackstone (NYSE:BX), Morgan Stanley (NYSE:MS)

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Morgan Stanley Obtains $700M Property Loan From Blackstone Venture - Blackstone (NYSE:BX), Morgan Stanley (NYSE:MS)

Morgan Stanley (NYSE:MS) has acquired $700 million of property loans from the failed Signature Bank through a consortium, including Blackstone Inc. (NYSE: BX), Canada Pension Plan Investment Board, and Rialto Capital. Advised by Jones Lang LaSalle Inc. (NYSE:JLL), this significant move in commercial-property finance marks a notable transaction amid rising borrowing costs and declining property valuations .