CMBS from Blackstone's Centro acquisition on the market

07/22/2011 | Bloomberg

Wells Fargo, Deutsche Bank and Barclays Capital are taking to market commercial mortgage-backed securities associated with Blackstone Group's 107-retail asset acquisition from Centro Properties Group, according to sources. Blackstone's purchase is said to be the largest purchase of commercial real estate done in cash since the crash in 2008. That the deal is in the market a few weeks after the purchase is significant, says CRT Capital Group's Michael Kim. "If the market is receptive to the offering more private-equity firms may look to do similar deals."

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