BXMT Announces Austin Peña as President and Director, Appointments to Take Effect November 10, 2025

Blackstone Mortgage Trust (BXMT) has appointed Austin Peña as President and Director, effective November 10, 2025. Peña will continue to lead the company's investment, capital allocation, and balance sheet strategy. Additionally, Ms. Keenan has been appointed as Global Head of Core+ Real Estate, effective immediately.

Blackstone Mortgage Trust (BXMT) has appointed Austin Peña as President and Director, effective November 10, 2025. Peña will continue to lead the company's investment, capital allocation, and balance sheet strategy. Additionally, Katie Keenan has been appointed as Global Head of Core+ Real Estate, effective immediately.

Peña, who previously served as Executive Vice President of Investments at BXMT, will assume the new role after the leadership changes take effect. This appointment follows the passing of Wesley M. LePatner, who served as CEO of BXMT until his death on July 28, 2025.

Keenan, who joined Blackstone in 2012, will oversee Blackstone's Core+ real estate investments, which are considered lower-risk within the company's $325 billion property business. She currently serves as Global Co-Chief Investment Officer of Blackstone Real Estate Debt Strategies (BREDS) and CEO of BXMT.

These leadership changes reflect Blackstone's ongoing strategy to strengthen its real estate portfolio and maintain its strong fundamentals. The company's real estate business manages $325 billion in investor capital across various sectors, including logistics, data centers, residential, office, and hospitality. Blackstone's real estate investments have delivered a 9.2% annualized net return on Class I since inception over 8.5 years ago.

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 company's investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns primarily through dividends generated from its loan portfolio.

For more details on Blackstone's recent developments and leadership changes, investors can refer to the comprehensive Pro Research Report available on InvestingPro.