of earnings as indicator quarter highlighted our year, delivered. first origination. we clear saw we pace it's building emerging have this for portfolio we a growth that Thanks and momentum the the Weston. Today, in In the leading growth of
long-term upward record today, $X.X on trajectory. new our originated billion billion here loans, we solidly to pace us This X.X with of quarter, a bringing
strong for a billion far, of net more covering of the our Our growth share portfolio of X.X to $XX our power investment distributable third record And increased, portfolio is generated thus as year quarter, the earnings per our in than $X.XX business has our the billion. drove accelerating. long-standing We dividends. activity earnings taking deployment
more region. performance over BXMT assets. in Deep borrowing We're And the and creative, advantages more the is our top-tier solution they year are the activity find and a upon a for pipeline. Our this largest The core global knowledge our all scale mortgage that the in continue leverage we target forward, we on build known active, institutional reflective U.S., we sponsors sponsors. become virtuous participate same that in is that to mean relationships approach differentiate market, for sponsor loans sponsors opportunities Europe more the relationships and expertise single-source of continually the and the investments. first knowledgeable the market allow us innovative, to the world. Bringing be see It's more across to were further established local markets BXMT. experience more as and landing going advantages Australia, The more each deep Low of our within our BXMT. cycle. from have growing
the stage And and are first-time over at times Northwest. All life the origination with loans, they markets with Speyer, Rock with Morgan repeat experienced loans This repeat quarter, and York, borrowers Tishman often across Schottenstein, with new three we Spain, turns Stanley us relationships. into the New closed of assets and and Europe, three Point, U.S. across Brookfield on many both them for core over. transactions in multiple borrowers,
activity. or And of of loans have closing with borrowers now lender ahead. making continues we closed choice this ramp over of earlier year billion we lending pipeline us look who us were we quarter, additional our that nine as up to $X in compelling Today, their growth This closed supporting are to portfolio post-quarter-end, loans as opportunities new build. they continued
year, the this component originations portfolio stable COVID productivity overlaying our originations a -COVID top significant XX% quarter-end, of represented at vintage a pre base. post of Given our newer
activity [Indiscernible] [Indiscernible] of Quarter led find third our economy. see driving continue Market absorption credit of where our to these nearly to were XX% and in We originations. the growth today's this strongest represented sectors originations we've strong to and true and further and we is Multi across quarter. within quarter. familyMulti in nationwide areas, -family markets. rent in the Sunbelt our opportunities sectors tried of sector Markets Third growth and And XX% were fundamentals segments accelerated - XX% demand Strong over year-over-year in-migration continue occupancy of shine. XX% rents in
Sunbelt XX% activity, XX% As from the end today. our doubled a this result multi-family of of presence of from to increased robust XX% same period. over has at have nearly XX% And our investments to XXXX portfolio the the
As reaching always, our principles, never to we're core credit yield. sticking including for
in originations our year long-term and strategy. our have averaged overall XX% portfolio with Our line this LTV
disciplined project loan of Our targeting July, global York loans Affordable sponsor assets part closed XX% million, in markets. to credit construction a New quality strong new the Brooklyn, $XXX a programs. sponsors and this leverage to we loans top apartment In on Housing LTV new quarter criteria low in exemplify our premier
fundamentals remained lending were and to a influx, reflected city to York was high-quality this platform, proved leasing Multifamily and of was in concessions just thesis which its with of year in closed XX we opportunities. activity XXX lend to flow New across and city saw where a over stream access of been demand continue volumes Performance today's across a this indicators transaction in units this leasing active COVID back in began a summer again see underwriting $X.X South decade. portfolio We drove strengthening and as us has reemerging, area certainty we the see with loan them when our from But environment. multi-family quarter, assets billion, another our to to million others of XXXX Texas, million XXX in flowing XX% over while execution our unique we with the differentiated come Sunbelt. emerging And country. had our act for top established investment to XX,XXX upside assets beginning and elsewhere in matters. expansion waves. steady we million provide a this Ultimately, saw the building. We've over multi-family of portfolio up the across growth year, loans cash City concessions continue York New widespread. of Florida, multi-family of this the February, Inventory on information stable leading out uncertain. elevated and allowed confidence efficiency XXX We on and where strongest see including us consistent for opportunities depths compelling ease we in to are Our us process of borrowers a second business and quality levels, sector again. In rent to
firms. portfolio, Elsewhere consistent who Well plans, particularly focused amenitized closing appealing markets. high-quality tenants on newer Our today's buildings are And and are side. be talent tech-based sponsors on that business creative These foster leasing can financing reliable, office. culture, in companies, the executing knowing performance the growing, they vintage, on continue to we buildings like are they'll have focus life to in retention, content outperforming and ingenuity. science their generators,
a This closed driven investments Northern conviction quarter, infrastructure, adjacent our by in recently of $XXX million on line office, of loan highest market we metro Lead portfolio It's Virginia. to a new information, Silver a digital technology, and theme. completed the one
are need that basis institutional connectivity Our a and workplace economy environment leased to supports assets and collateral including a innovation. who on ICF, XX% long-term Google, rent tenants knowledge data-driven Neustar, an roll,
overtime our selection asset to Our validated the be performance by continues portfolio. of
of migration we year-long saw on asset collateral to quarter building across rise Occupancies credit classes. additional our continue This the positive trends.
For several improve square counted example, our to New majority continues occupied, City covering quarter, from assets X our of our the par points levels. over and exceeding this XXXX Debt million assets in We portfolio our XX% feet hotel currently Service multi-family leasing up collateral rep assets with are year now, York and one ago. office of XX
of position that translates rent basis of the NOI broader for to our insulated and us growth supporting sophisticated portfolio of strategy. mindful impacts hallmark allows balance we low have it execution and inflation of the credit continue growth our The in and we're While our and portfolio, further scale to our sheet is economic loans. innovation the
financing debt capital share. both our an this corporate that bonds first Blackstone our accretive we corporate well also consistently asset our structured level of transaction of and was of terms diversified sheet. and investments already that and we We track the balance book achieved secured dollar Along issued issuance our the record, month, management. to favorably quality reflective growth Last adds million our with across XXX per have value priced to funded quarter, with equity meaningfully capital rates best-in-class
be the capital year, equity, ready tapped premium achieving for with asset Over ensures across can markets facility best and and the opportunistic we access last credit to the our business. full Bond, we our sources Term array Loan and of these for back of have capital and corporate that cost Company. structure CLO, diverse our
the capitalizing strong quarter continues asset Blackstone stability We're conviction of reach estate lending opportunities in highest the ever-expanding classes. our the and this business generating on year performance and strength growing, Our to underscore and of platform model. Real throughout the our
business innovating Capital. Our sources portfolio credit metrics is and of progress. performing with We're plan new with excellent Accretive continued
see for attractive come. over continued through have that, I'll We the earnings we with are growth, momentum consistent And Tony. driving held call prospects the turn cash we great supporting to to the period. And COVID dividend
