NEW YORK CITY-CreXus Investment Corp. said Monday it has signed a definitive asset purchase agreement with Barclays Capital Real Estate Inc. for a $586-million portfolio of 30 commercial real estate assets including mortgage loans, subordinate notes and mezzanine loans. Concurrently, the locally based REIT launched a common stock offering to finance the acquisition.

“We believe the acquisition will not only strengthen our portfolio through the diversification, breadth and quality of the assets, it also demonstrates that CreXus is well-positioned to take advantage of opportunities in the current market environment in commercial real estate finance,” CEO and president Kevin Riordan says in a statement. He says the “unique acquisition opportunity” afforded by the Barclays portfolio is  “consistent with our investment objective of providing attractive risk-adjusted returns to our shareholders.”

The property types backing the loans run the gamut of hotel, office, multifamily and retail assets. GlobeSt.com’s calls to CreXus for further details on the portfolio were not returned by deadline.

Barclays says in a release that it is not providing funding to CreXus for the purchase of the assets. Both companies say that closing on the transaction is contingent upon CreXus’ successful completion of the stock offering of approximately 50 million common shares, with a 30-day option for underwriters to buy up to 7.5 million additional shares of common stock to cover overallotments. The deal is expected to close in mid-April.

Credit Suisse, Barclays Capital, Bank of America Merrill Lynch and Deutsche Bank Securities are acting as joint book-running managers for the offering. JPMorgan, Morgan Stanley, UBS Investment Bank and Wells Fargo Securities are acting as joint-lead managers, and RCap Securities is acting as co-lead manager, according to CreXus.

The Barclays release says the sale to CreXus is part of continued efforts by Barclays to manage its legacy commercial real estate assets for value, while reducing exposure over time. To that end, Barclays Capital last month sold its CMBS special servicing business to UK-based Capita Group. Terms were not disclosed; the business will become part of Capita Asset Servcies, which has offices in the UK, Ireland and Germany.