GE Capital Injects $575M Into Blackstone's Industrial Sites

Law360, New York (July 24, 2012, 1:57 PM EDT) -- GE Capital Real Estate is forking over $575 million in a mortgage loan note to help affiliates of a Blackstone Group LP fund pick up a massive U.S. industrial property portfolio from Dexus Property Group, the General Electric unit announced Tuesday.

The first mortgage, which was underwritten and closed in less than 45 days, helped affiliates of Blackstone Real Estate Partners VI seal up a deal it announced three months ago for 66 industrial properties spread across the Southern, mid-Atlantic and Midwest regions, GE Capital said....
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