Ropes & Gray Advises Blackstone Real Estate Debt Strategies on $2 Billion Acquisition and Financing of Commercial Real Estate Loan Portfolio from Atlantic Union Bank

Ropes & Gray advised Blackstone Real Estate Debt Strategies (BREDS) on its latest in a series of landmark acquisitions, a $2 billion acquisition and financing of over 220 loan performing commercial real estate loans from Atlantic Union Bank, which closed on June 26, 2025. This transaction adds to Blackstone’s $20 billion in commercial real estate loan acquisitions over the past two years, nearly all of which Ropes & Gray were involved in.

The Ropes & Gray team was led by real estate partners Anthony Mongone and Dan Stanco.

The team also included real estate counsel Ryan Duerring and Effie George Floyd, business restructuring counsel Andrew Devore, asset management counsel Lindsey Jones, real estate associates Nicholas Bebirian, Steven Levick, Joe Nania, Chase Sandler, Matt Schryver, Cory Steinberg and Sawyer Swarek, and strategic transactions associate Tara Javadzadeh.