About Blackstone Mortgage Trust

Blackstone Mortgage Trust, Inc. operates as a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and Australia. The company’s 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, including borrowing under the company’s credit facilities, issuing CLOs or single-asset securitizations, and corporate financing, depending on its view of the most prudent financing option available for each of the company’s investments. The company is not in the business of buying or trading securities, and the only securities the company owns are the retained interests from its securitization financing transactions, which the company has not financed. The company is externally managed by BXMT Advisors L.L.C., or the company’s Manager, a subsidiary of Blackstone Inc., or Blackstone, and are a real estate investment trust, or REIT. The company conducts its operations as a REIT for the U.S. federal income tax purposes. The company also operates its business in a manner that permits the company to maintain an exclusion from registration under the Investment Company Act. The company is organized as a holding company and conducts its business primarily through its various subsidiaries. The company operates its business as one segment, which originates and acquires commercial mortgage loans and related investments. The company directly originates, co-originates, and acquires debt instruments in conjunction with acquisitions, refinancings, and recapitalizations of commercial real estate in North America, Europe, and Australia, with a focus on performing loans that are supported by well-capitalized properties and borrowers. Portfolio The company’s business is focused on originating or acquiring senior, floating rate mortgage loans that are secured by a first priority mortgage on commercial real estate assets in North America, Europe, and Australia. These investments may be in the form of whole loans, pari passu participations within mortgage loans, or other similar structures. Although originating senior, floating rate mortgage loans is the company’s primary area of focus, the company may also originate or acquire fixed rate loans and subordinate loans, including subordinate mortgage interests and mezzanine loans. This focused lending strategy is designed to generate attractive current income while protecting investors’ capital. Government Regulation The company is required to comply with certain provisions of the Equal Credit Opportunity Act that are applicable to commercial loans. Tax Status The company has elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended. As a result, the company is not subject to Federal or State income taxation at the corporate level to the extent it distributes annually approximately 90% of its REIT taxable income to its shareholders and satisfies certain other requirements. History The company was incorporated in 1998. It was formerly known as Capital Trust, Inc. and changed its name to Blackstone Mortgage Trust, Inc. in 2013.