Blackstone Real Estate Debt Strategies (BREDS) has launched a lending platform that will provide much needed capital and flexibility to homebuilders and expects to enable the construction of more than 50,000 for-sale homes across the United States annually.
The lending platform is supported by BREDS portfolio company, Brio Homebuilder Solutions, as well as partnerships with third parties.
Tim Johnson, global head of Blackstone Real Estate Debt Strategies, said, “America needs more homes, and we are proud to be part of the solution. 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.”
The platform expands Blackstone Real Estate’s existing housing strategy. Tricon Residential, a Blackstone Real Estate portfolio company, has developed or is developing ~64,000 single-family homes and home sites. Blackstone Real Estate’
