Term Sheet: Blackstone’s senior rank changes; Affinius and Axonic’s venture; QuadReal’s European ambitions

Blackstone has named Katie Keenan, the chief executive of BXMT, as head of its private REIT; Affinius Capital and Axonic Capital have formed a venture to target mid-market construction financing opportunities; QuadReal is looking abroad to expand its portfolio with a £2.5bn European lending strategy; and more in today’s Term Sheet, exclusively for our valued subscribers.