We feel very good about our European exposure. It's primarily crossed industrial portfolios. Some crossed hotel portfolios that I mentioned are doing well. Some multifamily. The lending market in Europe tends to be quite stable, relatively low leverage. We are able to benefit from a cost of capital advantage in Europe that allows us to create, I would say, better risk-adjusted returns.

Apr 30, 2025 / receipt, needs a key / Katie, other | earnings call 2025-04-30 | transcript e49f23b9-6b85-46ae-8a52-fe4889ec2a72 | chars 32332-32720 | segment 33

The first was a $913 million senior loan representing 24.5% of a $4.54 billion loan-to-cost financing, for Blackstone's acquisition of Crown Resorts, which owns the market-dominant, highest-quality hotel casinos in Australia.

Jul 27, 2022 / receipt, needs a key / Katie Keenan, CEO | earnings call 2022-07-27 | transcript 693fcebb-29d4-427a-b61a-30e69cb26771 | chars 9108-9333 | segment 9

You know, we continue to see the bifurcation that we've identified. I think on the occupancy and rev par side, again, you know, continued progress there. You know, I mentioned in the call, we're seeing really good coverage across our portfolio. Resorts continue to significantly outperform. Select service has been very stable. The urban hotel side is going to take a little bit longer, but I do think the reopening of international travel in November will be a plus for that part of the market.

Oct 27, 2021 / receipt, needs a key / Katie, other | earnings call 2021-10-27 | transcript 13a5b1ff-c30f-4824-a50a-735a185f0afe | chars 24761-25256 | segment 25

Leisure travel spending is outpacing pre-COVID levels.

Jul 28, 2021 / receipt, needs a key / Katie Keenan, CEO | earnings call 2021-07-28 | transcript b3f8e36c-646d-44ee-b316-0ea98ce6f76a | chars 7402-7456 | segment 7

Prioritize lower cost over incremental leverage to optimize current income

ir_statement / Sep 13, 2026 / receipt

Investment portfolio of $19.7B, benefiting from diversification and duration with increasing capital allocation towards complementary real estate credit strategies

ir_statement / Sep 13, 2026 / receipt