India, June 27 -- Atlantic Union Bankshares Corporation, parent of Atlantic Union Bank, Thursday has completed the sale of approximately $2 billion in performing commercial real estate - CRE loans to vehicles affiliated with Blackstone Real Estate Debt Strategies, a division of Blackstone (BX).
The loans were initially acquired through Atlantic Union's recent merger with Sandy Spring Bancorp, which closed on April 1, 2025.
Atlantic Union CEO John Asbury stated the transaction aligns with the company's post-merger integration goals, reduces CRE exposure, and enhances capacity for future growth. Blackstone's Tim Johnson noted the deal underscores the firm's strong platform and experience in real estate credit, with $76 billion in AUM.
The ...