Katie Keenan resigns as BXMT CEO; Tim Johnson appointed CEO, Austin Peña President

BLACKSTONE MORTGAGE TRUST, INC.

CEO Katie Keenan resigns effective Nov 10, 2025, to become CEO of BREIT and Global Head of Core+ Real Estate.
Tim Johnson (Global Head of BREDS, BXMT Chair) appointed CEO, continuing as Chair.
Austin Peña (EVP Investments) appointed President and elected to the Board.
Keenan helped grow BREDS platform to $77B; BXMT deployed $2.6B in new investments in Q3 2025.
Peña has led over $11B of real estate credit investments since joining Blackstone in 2013.

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