Blackstone Mortgage Trust, Inc. Announces Executive Changes
February 13, 2020 at 02:50 am IST
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On February 12, 2020, Blackstone Mortgage Trust, Inc. announced that the company’s Board of Directors appointed Katharine A. Keenan to serve as the Company’s President. Over the past few years, Ms. Keenan has taken on increasing management responsibility at the Company, including most recently serving as Executive Vice President, Investments. Ms. Keenan’s appointment as President reflects her very significant contributions to the leadership of the Company, as well as the potential for her to play an increasing role as the Company continues to grow. Stephen D. Plavin, who has served as the Company’s Chief Executive Officer and President since December 2009, will continue to serve as the Company’s Chief Executive Officer and as a Director. Ms. Keenan joined BXMT’s management team in January 2018 and has served as the Company’s Executive Vice President, Investments since January 2019. Ms. Keenan is also a Managing Director in the Real Estate Debt Strategies group at The Blackstone Group Inc.
Blackstone Mortgage Trust, Inc. is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and Australia. The Companyâs investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns primarily through dividends generated from current income from its loan portfolio. Its portfolio is composed primarily of loans secured by high-quality, institutional assets in major markets, sponsored by experienced, well-capitalized real estate investment owners and operators. These senior loans are capitalized by accessing a variety of financing options, depending on its view of the most prudent strategy available for each of its investments. The Company conducts its operations as a real estate investment trust for the United States federal income tax purposes. The Company is externally managed by BXMT Advisors L.L.C.