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   "markdown": "<a id='313ce9a0-96c5-47da-a6fa-daea93918f11'></a>\n\nFloating Rate Mortgage Loans\n\nPredominately senior floating rate mortgage loans\nsecured by institutional-quality real estate, with\nsignificant structural protections and embedded\ncredit enhancement",
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   "markdown": "<a id='82c71320-ca75-4529-a804-da4029b55d93'></a>\n\n## Bank Loan Portfolios\n---\nLeading acquirer of diversified bank loan portfolios\nat discounts to par, leveraging the scale of our\nplatform to offer comprehensive solutions to sellers",
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 "markdown": "<a id='1d38fa5a-8538-4bea-80c6-d4c6f2f02646'></a>\n\nBXMT INVESTMENT PORTFOLIO(i)(j)(k)\n\n<a id='8477e42f-46d4-4c29-ba92-a01c0f8452fc'></a>\n\n- BXMT has proactively diversified its $19.7B portfolio with complementary real estate credit strategies\n\n<a id='313ce9a0-96c5-47da-a6fa-daea93918f11'></a>\n\nFloating Rate Mortgage Loans\n\nPredominately senior floating rate mortgage loans\nsecured by institutional-quality real estate, with\nsignificant structural protections and embedded\ncredit enhancement\n\n<a id='82c71320-ca75-4529-a804-da4029b55d93'></a>\n\n## Bank Loan Portfolios\n---\nLeading acquirer of diversified bank loan portfolios\nat discounts to par, leveraging the scale of our\nplatform to offer comprehensive solutions to sellers\n\n<a id='7ee000f1-85aa-46fd-85aa-3c46311c556d'></a>\n\nNet Lease Properties\n---\nEssential-use retail properties generating\nlong-duration, fixed-rate cash flows with\ncontractual rent increases\n\n<a id='7e1981e8-6aa8-4e5e-a0ee-14fc15c42401'></a>\n\n## Homebuilder Finance\n\nGranular single-family residential construction loans with geographical diversification and strong credit characteristics, benefiting from the structural undersupply of U.S. housing and fragmented competitive landscape\n\n<a id='516e9b45-3724-4619-bdd3-74a500bf225f'></a>\n\n<:: Loan Portfolio pie chart::>\nIndustrial: 23%\nMultifamily: 21%\nUS Office: 16%\nNon-US Office: 5%\nHospitality: 9%\nRetail: 4%\nSelf-Storage: 3%\nLife Sciences / Studio: 1%\nOther Loans: 4%\nNet Lease JV: 3%\nBank Loan JV: 3%\nOther Investments: 1%\nOwned Real Estate: 7%\n<::\n\n<a id='8b1593e7-fe1c-4028-a820-ec7f71024f69'></a>\n\nBlackstone Mortgage Trust, Inc.\n\n<a id='acf7c682-c6b6-4802-abd7-e85b71e34c7c'></a>\n\nBlackstone |\n\n<a id='9da4d80a-b174-4b03-ae90-a4d1743965a9'></a>\n\n5",
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