Blackstone Real Estate Debt Strategies (BREDS) has launched a lending platform that will provide capital and flexibility to homebuilders and is expected 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.
“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,” said Tim Johnson, global head of Blackstone Real Estate Debt Strategies.
Blackstone Real Estate has existing investments across the housing sector. Tricon Residential, a Blackstone Real Estate portfolio company, has developed or is developing more than 64,000 single-family homes and homesites. Blackstone Real Estate’s affordable housing portfolio company, April Housing, has preserved the
