During Friday’s current trade, Wells Fargo & Co (NYSE:WFC)’s shares gained 0.29%, and is now trading at $54.34, today Blackstone Mortgage Trust, Inc. (BXMT) declared that it has signed a definitive contract to attain a $4.6 billion commercial mortgage loan portfolio from GE Capital Real Estate. The attainment is a part of the larger $23 billion attainment of the majority of GE Capital’s real estate business by investment vehicles managed by Blackstone (BX) and by Wells Fargo (WFC).
The portfolio to be attained by BXMT comprises of 82 first mortgage loans secured by a diverse set of commercial property types across its core and target markets, counting the United States (68%), Canada (15%), the United Kingdom (10%), and Germany (7%) with an estimated weighted average loan-to-value ratio in line with BXMT’s existing portfolio.
Michael Nash, Executive Chairman, said, “This is a huge leap forward for BXMT, and highlights the unparalleled benefits of being part of the Blackstone Real Estate platform. This was a complex transaction we were uniquely equipped to evaluate, and to move with speed and certainty to signing. BXMT will be adding $4.6 billion of loans, which effectively doubles the size of our asset base. We expect our stockholders will realize noteworthy value accretion from this greater scale.”
Stephen Plavin, Chief Executive Officer, said “We are tremendously excited about the many potential new business opportunities that will be opened up by this transaction. We are adding more than 50 new borrower relationships, expanding our global footprint and achieving greater diversification across asset classes. The attained loan portfolio is a complementary extension of the BXMT platform, and comprising with our vision for the business of producing attractive returns from senior mortgage loans.”
BXMT anticipates the attainment to result in a stabilized $0.24 - $0.28 accretion to annual Core EPS, benefiting from an attractive average portfolio credit spread of 4.21% combined with an efficient financing structure. The weighted average final maturity of the attaind portfolio is about three years.
Wells Fargo & Corporation provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, in addition to time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards.
Amazon.com, Inc (NASDAQ:AMZN)’s shares jumped 0.83% during the current trading session Friday’s, and is now trading at $386.71,
Today Amazon.com, Inc (AMZN), declared that Prime members and customers in the US, UK and Germany will be able to watch titles in High Dynamic Range (HDR) this year. Amazon Originals will be the first to arrive in HDR video quality later this year. Amazon is working with Hollywood studios, leading technology innovators and global consumer electronics companies to bring Prime members and customers an unmatched HDR experience in 2015.
“4K Ultra HD picture resolution was just the startning—we’re excited that Prime members will soon be able to view movies and TV shows counting Amazon Originals in HDR quality,” said Michael Paull, Vice President of Digital Video at Amazon. “HDR is the natural next step in our commitment to premium entertainment, and we can’t wait for customers to have even more choice in how they watch their favorite titles on Amazon Prime Instant Video.”
Amazon.com, Inc. operates as an online retailer in North America and internationally. It operates in two segments, North America and International. The corporation serves consumers through retail Websites, such as amazon.com and amazon.ca, which primarily comprise merchandise and content purchased for resale from vendors and those offered by third-party sellers. It also offers programs that enable sellers to sell their products on corporation’s Websites, and their own branded Websites; and programs, which allow authors, musicians, filmmakers, app developers, and others to publish and sell content.
In an morning trade, Citigroup Inc (NYSE:C)’s shares climbed 0.44%, and is now trading at $52.36, after Citi, acting through Citibank N.A., has been designated by Cellectis S.A. (“Cellectis”), a gene-editing corporation, as depositary bank for their Level 3 American Depositary Receipt (ADR) programme listed on Nasdaq Global Market, which trades under symbol “CLLS”. Each ordinary share is equivalent to 1 ADR. Cellectis’ ordinary shares are listed on Alternext Paris and trade under symbol “ALCLS”.
“Citi is delighted to be designated by Cellectis as depositary bank for its NASDAQ listed ADR programme,” said Dirk Jones, Global Head of Issuer Services, at Citi. “We look forward to working closely with Cellectis and leveraging our equities distribution network to assist them in expanding their US shareholder base.”
Citigroup Inc., a diversified financial services holding corporation, provides various financial products and services for consumers, corporations, governments, and institutions worldwide. The corporation operates through two segments, Global Consumer Banking (GCB) and Institutional Clients Group (ICG). The GCB segment offers traditional banking services to retail customers through retail banking, commercial banking, Citi-branded cards, and Citi retail services. This segment provides various banking, credit card lending, and investment services through a network of local branches, offices, and electronic delivery systems.
eBay Inc (NASDAQ:EBAY), during its Friday’s current trading session gained 5.80%, and is now trading at $2.92, after eBay Inc (EBAY) and Sotheby’s (BID) will mark the launch of the first live events in the new Sotheby’s live auctions experience with the themed “Photographs” and “New York” sales. The experience enables art aficionados and casual collectors alike to take part in Sotheby’s live auctions anytime, anywhere with the same confidence and access of those bidding in person in the New York salesroom.
The Sotheby’s live auctions destination features high-resolution images, hosted video capabilities, live streaming audio and video, and innovative “Museum View” transitions that bring the experience of walking through a museum or gallery to life in the online world – counting improved zoom, in-context images, and item-level video. The online platform enables eBay’s 155 million active buyers to log-in and take part in Sotheby’s live-time auctions. Participants — regardless of their location — see the exact same item and current real-time bidding online and experience real-time bidding sensitive to the millisecond, allowing them to bid as if they were lifting a paddle with every click of the mouse. New technology debuting within the Sotheby’s live auctions will give users the first chance to experience crystal clear, live streaming video and audio from the Sotheby’s floor in New York.
eBay Inc. operates as a technology corporation that enables commerce and payments on behalf of users, merchants, retailers, and brands of various sizes in the United States and internationally. It operates in three segments: Marketplaces, Payments, and Enterprise. The Marketplaces segment operates ecommerce platform, eBay.com; localized sites, counting eBay.de and eBay.co.uk; vertical shopping Websites, such as StubHub; and classifieds Websites, such as alaMaula, BilBasen, dba.dk, eBay Classifieds, eBay Kleinanzeigen, eBay Annunci, Gumtree, Kijiji, iBazar, 2dehands.be, 2ememain.be, LoQUo, Marktplaats.nl, and mobile.de, in addition to provides advertising services.
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