{
 "markdown": "BXMT INVESTMENT PORTFOLIO<sup>(i)(j)(k)</sup>\n\n\n- BXMT has proactively diversified its $19.7B portfolio with complementary real estate credit strategies\n\n\n# Floating 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\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\n# Net Lease Properties\n\nEssential-use retail properties generating\nlong-duration, fixed-rate cash flows with\ncontractual rent increases\n\n\n# Homebuilder Finance\n\nGranular single-family residential construction\nloans with geographical diversification and strong\ncredit characteristics, benefiting from the\nstructural undersupply of U.S. housing and\nfragmented competitive landscape\n\n\n<figure type=\"CHART\">\n\n<description>A pie chart titled 'Loan Portfolio' displaying the percentage breakdown of various investment sectors. The chart is divided into several segments, with percentages provided for each category.</description> <table><thead><tr><th>Category</th><th>Percentage</th></tr></thead><tbody><tr><td>Industrial</td><td>23%</td></tr><tr><td>Multifamily</td><td>21%</td></tr><tr><td>US Office</td><td>16%</td></tr><tr><td>Hospitality</td><td>9%</td></tr><tr><td>Non-US Office</td><td>5%</td></tr><tr><td>Retail</td><td>4%</td></tr><tr><td>Self-Storage</td><td>3%</td></tr><tr><td>Life Sciences / Studio</td><td>1%</td></tr><tr><td>Other Loans</td><td>4%</td></tr><tr><td>Net Lease JV</td><td>3%</td></tr><tr><td>Bank Loan JV</td><td>3%</td></tr><tr><td>Other Investments</td><td>1%</td></tr><tr><td>Owned Real Estate</td><td>7%</td></tr></tbody></table></figure>\n\nBlackstone Mortgage Trust, Inc.\n\n\nBlackstone\n\n\n5\n\n<!-- doc_id=parse-01m0ffg9f493v9bh7bqm94hb8s -->",
 "structure": {
  "type": "document",
  "markdown": null,
  "children": [
   {
    "type": "page",
    "page": null,
    "span": null,
    "width": null,
    "height": null,
    "dpi": null,
    "grounding": {
     "page": 1,
     "range": {
      "start": 0,
      "end": 1857
     },
     "box": {
      "xmin": 0.0,
      "ymin": 0.0,
      "xmax": 1.0,
      "ymax": 1.0
     }
    },
    "markdown": null,
    "status": "ok",
    "reason": null,
    "children": [
     {
      "type": "text",
      "id": "text-0",
      "span": null,
      "grounding": {
       "page": 1,
       "range": {
        "start": 0,
        "end": 46
       },
       "box": {
        "xmin": 0.04484639,
        "ymin": 0.0287701,
        "xmax": 0.3339622,
        "ymax": 0.06120418
       }
      },
      "atomic_grounding": [
       {
        "page": 1,
        "range": {
         "start": 0,
         "end": 46
        },
        "box": {
         "xmin": 0.04832908,
         "ymin": 0.03542031,
         "xmax": 0.32780246,
         "ymax": 0.05797271
        }
       }
      ],
      "markdown": null,
      "children": null,
      "row": null,
      "col": null,
      "colspan": null,
      "rowspan": null
     },
     {
      "type": "text",
      "id": "text-1",
      "span": null,
      "grounding": {
       "page": 1,
       "range": {
        "start": 48,
        "end": 153
       },
       "box": {
        "xmin": 0.04569167,
        "ymin": 0.09087369,
        "xmax": 0.84579527,
        "ymax": 0.13931459
       }
      },
      "atomic_grounding": [
       {
        "page": 1,
        "range": {
         "start": 48,
         "end": 153
        },
        "box": {
         "xmin": 0.04788943,
         "ymin": 0.0977587,
         "xmax": 0.84017378,
         "ymax": 0.13299338
        }
       }
      ],
      "markdown": null,
      "children": null,
      "row": null,
      "col": null,
      "colspan": null,
      "rowspan": null
     },
     {
      "type": "text",
      "id": "text-2",
      "span": null,
      "grounding": {
       "page": 1,
       "range": {
        "start": 155,
        "end": 355
       },
       "box": {
        "xmin": 0.04084471,
        "ymin": 0.20670784,
        "xmax": 0.41419822,
        "ymax": 0.37263221
       }
      },
      "atomic_grounding": [
       {
        "page": 1,
        "range": {
         "start": 155,
         "end": 187
        },
        "box": {
         "xmin": 0.04832591,
         "ymin": 0.21521001,
         "xmax": 0.40989767,
         "ymax": 0.25259169
        }
       },
       {
        "page": 1,
        "range": {
         "start": 187,
         "end": 237
        },
        "box": {
         "xmin": 0.04805935,
         "ymin": 0.26791312,
         "xmax": 0.39690764,
         "ymax": 0.29195421
        }
       },
       {
        "page": 1,
        "range": {
         "start": 237,
         "end": 288
        },
        "box": {
         "xmin": 0.04771802,
         "ymin": 0.292398,
         "xmax": 0.38710695,
         "ymax": 0.3163612
        }
       },
       {
        "page": 1,
        "range": {
         "start": 288,
         "end": 336
        },
        "box": {
         "xmin": 0.04748643,
         "ymin": 0.31727288,
         "xmax": 0.38382392,
         "ymax": 0.34116942
        }
       },
       {
        "page": 1,
        "range": {
         "start": 336,
         "end": 355
        },
        "box": {
         "xmin": 0.04786164,
         "ymin": 0.34138848,
         "xmax": 0.1914757,
         "ymax": 0.36386477
        }
       }
      ],
      "markdown": null,
      "children": null,
      "row": null,
      "col": null,
      "colspan": null,
      "rowspan": null
     },
     {
      "type": "text",
      "id": "text-3",
      "span": null,
      "grounding": {
       "page": 1,
       "range": {
        "start": 357,
        "end": 536
       },
       "box": {
        "xmin": 0.04252672,
        "ymin": 0.3947688,
        "xmax": 0.41714671,
        "ymax": 0.53602564
       }
      },
      "atomic_grounding": [
       {
        "page": 1,
        "range": {
         "start": 357,
         "end": 381
        },
        "box": {
         "xmin": 0.04916052,
         "ymin": 0.40091441,
         "xmax": 0.41106614,
         "ymax": 0.43900908
        }
       },
       {
        "page": 1,
        "range": {
         "start": 381,
         "end": 434
        },
        "box": {
         "xmin": 0.04909327,
         "ymin": 0.45399294,
         "xmax": 0.40541157,
         "ymax": 0.47840073
        }
       },
       {
        "page": 1,
        "range": {
         "start": 434,
         "end": 483
        },
        "box": {
         "xmin": 0.04877359,
         "ymin": 0.47916676,
         "xmax": 0.37677103,
         "ymax": 0.50272116
        }
       },
       {
        "page": 1,
        "range": {
         "start": 483,
         "end": 536
        },
        "box": {
         "xmin": 0.04854948,
         "ymin": 0.50337257,
         "xmax": 0.41103604,
         "ymax": 0.52764575
        }
       }
      ],
      "markdown": null,
      "children": null,
      "row": null,
      "col": null,
      "colspan": null,
      "rowspan": null
     },
     {
      "type": "text",
      "id": "text-4",
      "span": null,
      "grounding": {
       "page": 1,
       "range": {
        "start": 538,
        "end": 674
       },
       "box": {
        "xmin": 0.04258104,
        "ymin": 0.55688149,
        "xmax": 0.41461885,
        "ymax": 0.69142741
       }
      },
      "atomic_grounding": [
       {
        "page": 1,
        "range": {
         "start": 538,
         "end": 562
        },
        "box": {
         "xmin": 0.04871702,
         "ymin": 0.56360704,
         "xmax": 0.41069728,
         "ymax": 0.59785434
        }
       },
       {
        "page": 1,
        "range": {
         "start": 562,
         "end": 605
        },
        "box": {
         "xmin": 0.04827683,
         "ymin": 0.61278624,
         "xmax": 0.33580058,
         "ymax": 0.63675649
        }
       },
       {
        "page": 1,
        "range": {
         "start": 605,
         "end": 647
        },
        "box": {
         "xmin": 0.04824651,
         "ymin": 0.63783776,
         "xmax": 0.33271091,
         "ymax": 0.66141022
        }
       },
       {
        "page": 1,
        "range": {
         "start": 647,
         "end": 674
        },
        "box": {
         "xmin": 0.04813895,
         "ymin": 0.66286038,
         "xmax": 0.23289856,
         "ymax": 0.68411328
        }
       }
      ],
      "markdown": null,
      "children": null,
      "row": null,
      "col": null,
      "colspan": null,
      "rowspan": null
     },
     {
      "type": "text",
      "id": "text-5",
      "span": null,
      "grounding": {
       "page": 1,
       "range": {
        "start": 676,
        "end": 918
       },
       "box": {
        "xmin": 0.04350033,
        "ymin": 0.71663821,
        "xmax": 0.41428617,
        "ymax": 0.90165842
       }
      },
      "atomic_grounding": [
       {
        "page": 1,
        "range": {
         "start": 676,
         "end": 699
        },
        "box": {
         "xmin": 0.04870748,
         "ymin": 0.72213743,
         "xmax": 0.41086328,
         "ymax": 0.7572209
        }
       },
       {
        "page": 1,
        "range": {
         "start": 699,
         "end": 747
        },
        "box": {
         "xmin": 0.04825597,
         "ymin": 0.77232523,
         "xmax": 0.37173512,
         "ymax": 0.79555458
        }
       },
       {
        "page": 1,
        "range": {
         "start": 747,
         "end": 798
        },
        "box": {
         "xmin": 0.04849348,
         "ymin": 0.79675294,
         "xmax": 0.3933443,
         "ymax": 0.82039276
        }
       },
       {
        "page": 1,
        "range": {
         "start": 798,
         "end": 842
        },
        "box": {
         "xmin": 0.04845774,
         "ymin": 0.82184203,
         "xmax": 0.34320878,
         "ymax": 0.84503301
        }
       },
       {
        "page": 1,
        "range": {
         "start": 842,
         "end": 885
        },
        "box": {
         "xmin": 0.04801195,
         "ymin": 0.8462793,
         "xmax": 0.3440982,
         "ymax": 0.86949055
        }
       },
       {
        "page": 1,
        "range": {
         "start": 885,
         "end": 918
        },
        "box": {
         "xmin": 0.0479629,
         "ymin": 0.87066156,
         "xmax": 0.29096934,
         "ymax": 0.89365979
        }
       }
      ],
      "markdown": null,
      "children": null,
      "row": null,
      "col": null,
      "colspan": null,
      "rowspan": null
     },
     {
      "type": "figure",
      "id": "figure-0",
      "span": null,
      "grounding": {
       "page": 1,
       "range": {
        "start": 920,
        "end": 1804
       },
       "box": {
        "xmin": 0.46983981,
        "ymin": 0.26146507,
        "xmax": 0.92590261,
        "ymax": 0.8392657
       }
      },
      "atomic_grounding": [
       {
        "page": 1,
        "range": {
         "start": 920,
         "end": 1804
        },
        "box": {
         "xmin": 0.46983981,
         "ymin": 0.26146507,
         "xmax": 0.92590261,
         "ymax": 0.8392657
        }
       }
      ],
      "markdown": null,
      "children": null,
      "row": null,
      "col": null,
      "colspan": null,
      "rowspan": null
     },
     {
      "type": "marginalia",
      "id": "marginalia-0",
      "span": null,
      "grounding": {
       "page": 1,
       "range": {
        "start": 1806,
        "end": 1838
       },
       "box": {
        "xmin": 0.0444488,
        "ymin": 0.93463725,
        "xmax": 0.21901244,
        "ymax": 0.96374661
       }
      },
      "atomic_grounding": [
       {
        "page": 1,
        "range": {
         "start": 1806,
         "end": 1838
        },
        "box": {
         "xmin": 0.04858734,
         "ymin": 0.93882852,
         "xmax": 0.21471078,
         "ymax": 0.95889942
        }
       }
      ],
      "markdown": null,
      "children": null,
      "row": null,
      "col": null,
      "colspan": null,
      "rowspan": null
     },
     {
      "type": "marginalia",
      "id": "marginalia-1",
      "span": null,
      "grounding": {
       "page": 1,
       "range": {
        "start": 1840,
        "end": 1851
       },
       "box": {
        "xmin": 0.85507202,
        "ymin": 0.93378329,
        "xmax": 0.92909479,
        "ymax": 0.96014333
       }
      },
      "atomic_grounding": [
       {
        "page": 1,
        "range": {
         "start": 1840,
         "end": 1851
        },
        "box": {
         "xmin": 0.85953003,
         "ymin": 0.93834228,
         "xmax": 0.92455412,
         "ymax": 0.95524914
        }
       }
      ],
      "markdown": null,
      "children": null,
      "row": null,
      "col": null,
      "colspan": null,
      "rowspan": null
     },
     {
      "type": "marginalia",
      "id": "marginalia-2",
      "span": null,
      "grounding": {
       "page": 1,
       "range": {
        "start": 1853,
        "end": 1855
       },
       "box": {
        "xmin": 0.93834031,
        "ymin": 0.93473256,
        "xmax": 0.95543981,
        "ymax": 0.95889437
       }
      },
      "atomic_grounding": [
       {
        "page": 1,
        "range": {
         "start": 1853,
         "end": 1855
        },
        "box": {
         "xmin": 0.9424286,
         "ymin": 0.93899704,
         "xmax": 0.95088145,
         "ymax": 0.95329885
        }
       }
      ],
      "markdown": null,
      "children": null,
      "row": null,
      "col": null,
      "colspan": null,
      "rowspan": null
     }
    ]
   }
  ]
 },
 "grounding": null,
 "metadata": {
  "req_id": null,
  "job_id": "parse-01m0ffg9f493v9bh7bqm94hb8s",
  "model_version": "dpt-3-pro-20260710",
  "page_count": 1,
  "markdown_chars": null,
  "output_markdown_chars": 1904,
  "range_units": "unicode_codepoints",
  "openapi_spec": "https://api.ade.landing.ai/openapi.json",
  "failed_pages": [],
  "duration_ms": 8579,
  "billing": {
   "service_tier": "standard",
   "total_credits": 1.0
  }
 }
}