Blackstone Real Estate Debt Strategies, or “BREDS,” is a leading global investor in real estate debt. Launched in 2008, the platform has grown to over $10 billion in assets under management, with over 100 dedicated investment and portfolio management professionals in New York, Los Angeles, Mexico City and London. Broad product capabilities span three primary strategies: a drawdown fund that invests in mezzanine debt and preferred equity; liquid CMBS-focused hedge and income funds; and Blackstone Mortgage Trust (NYSE: BXMT), a publicly traded real estate investment trust that originates senior mortgage loans.