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Annaly Capital Management, Inc. Announces the $592 Million Financing of Blackstone’s and Fairstead Capital’s Purchase of New York City Apartment Portfolio

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NEW YORK--(BUSINESS WIRE)--Annaly Capital Management, Inc. (NYSE:NLY) (“Annaly” or the “Company”) today announced that its wholly-owned subsidiary Annaly Commercial Real Estate Group, Inc. has provided a $592 million loan to an affiliate of Blackstone Real Estate Partners VIII (“Blackstone”), and their partner Fairstead Capital for the purchase of a 24 building New York City multi-family apartment portfolio. Annaly capitalized on Blackstone’s strong relationship with the institutional commercia

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