## BREDS PLATFORM OVERVIEW * Blackstone Real Estate Debt Strategies ("BREDS") is the largest alternative manager of real estate credit, investing across Core, Core+ and Opportunistic debt strategies on behalf of institutional investors and insurance capital * BREDS' global scale, cross-market knowledge and proprietary sourcing network provide BXMT access to attractive relative value investments across global markets Global Scale <:: $78B Investor capital 165+ BREDS professionals : figure::> Real-Time Insights <:: $600B+ Blackstone Real Estate TEV⁽ᵃ⁾ 63 Blackstone Real Estate portfolio companies : figure::> # Proprietary Sourcing Engine 760+ Borrower bank and broker relationships 86% Originations with repeat borrowers(f) Differentiated Access --- <:: $155B+ Loan originations since inception(g) $24B Bank loan portfolios acquired since Q4 2023(h) : figure::> Blackstone Mortgage Trust, Inc. Blackstone | 3