Annaly Capital Management, Inc. Announces the $592 Million Financing of Blackstone’s and Fairstead Capital’s Purchase of New York City Apartment Portfolio

NEW YORK--(BUSINESS WIRE)-- Annaly Capital Management, Inc. (NYSE: NLY) (“Annaly” or the “Company”) today announced that its wholly-owned subsidiary Annaly Commercial Real Estate Group, Inc. has provided a $592 million loan to an affiliate of Blackstone Real Estate Partners VIII (“Blackstone”), and their partner Fairstead Capital for the purchase of a 24 building New York City multi-family apartment portfolio.

Annaly capitalized on Blackstone’s strong relationship with the institutional commercial real estate origination team that recently joined Annaly from GE Capital Real Estate.

“This transaction is another example of the progress we are making in growing our commercial real estate business through high quality institutional relationships”, said Kevin Keyes, President and incoming CEO of Annaly. “We will continue to utilize our balance sheet strength as a strategic advantage as we build out our commercial real estate platform.”

“While this is our first commercial transaction with Annaly, we look forward to growing the relationship based on the quality of execution,” commented Michael Lascher, a Managing Director in the Real Estate group and the Global Head of Real Estate Debt Capital Markets of Blackstone.

About Annaly

Annaly’s principal business objective is to generate net income for distribution to its shareholders from its investments. Annaly is a Maryland corporation that has elected to be taxed as a real estate investment trust (“REIT”). Annaly is managed and advised by Annaly Management Company LLC.

Other Information

This news release and our public documents to which we refer contain or incorporate by reference certain forward-looking statements which are based on various assumptions (some of which are beyond our control) and may be identified by reference to a future period or periods or by the use of forward-looking terminology, such as “may,” “will,” “believe,” “expect,” “anticipate,” “continue,” or similar terms or variations on those terms or the negative of those terms. Actual results could differ materially from those set forth in forward-looking statements due to a variety of factors, including, but not limited to, changes in interest rates; changes in the yield curve; changes in prepayment rates; the availability of mortgage-backed securities and other securities for purchase; the availability of financing and, if available, the terms of any financings; changes in the market value of our assets; changes in business conditions and the general economy; our ability to grow the commercial mortgage business; credit risks related to our investments in Agency CRT securities, commercial real estate assets, residential mortgage-backed securities and related residential mortgage credit assets and corporate debt; our ability to grow our residential mortgage credit business; changes in government regulations affecting our business; our ability to maintain our qualification as a REIT for federal income tax purposes; and our ability to maintain our exemption from registration under the Investment Company Act of 1940, as amended. For a discussion of the risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. We do not undertake, and specifically disclaim any obligation, to publicly release the result of any revisions which may be made to any forward-looking statements to reflect the occurrence of anticipated or unanticipated events or circumstances after the date of such statements.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150916005774/en/

Annaly Capital Management, Inc.
Investor Relations, 888-8Annaly

Source: Annaly Capital Management, Inc.

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