Blackstone (NYSE: BX) announced that its Blackstone Real Estate Debt Strategies (BREDS) subsidiary launched a lending platform for homebuilders that is designed to enable the construction of over 50,000 for-sale homes annually.
The new lending platform is supported by BREDS’ portfolio company, Brio Homebuilder Solutions, in partnership with third parties. BREDS is the largest alternative asset manager of real estate credit with $78 billion of investor capital under management. The company serves institutional, insurance, and individual investors, originating loans and making debt investments across global private and public real estate credit markets and across the capital structure and risk spectrum.
“America needs more homes, and we are proud to be part of the solution,” said Tim Johnson, BREDS’ global head. “Our homebuilder lending platform will help deliver thousands of new homes across the United States, directly addressing the critical housing supply gap in communities where people want to live.”
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