The Blackstone Group is tapping the commercial mortgage bond market to help finance the purchase of 11 multifamily properties from IMT Capital, according to Kroll Bond Rating Agency.

Blackstone Property Partners, an affiliate of the private equity firm, obtained a $563 million first-lien mortgage in May from Goldman Sachs (50%), Deutsche Bank (25%) and Wells Fargo (25%); it used proceeds, along with $262.1 million in equity, to acquire the properties, fund reserves.

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