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Blackstone Said To Purchase GE Apartments for $2.7 Billion
Posted on 13. Aug, 2013 by Bryan Ives in News
Blackstone Group LP has agreed to buy majority stakes in 80 apartment complexes from General Electric for $2.7 billion, according to media reports. Blackstone is reportedly purchasing the properties from GE Capital in what will be one of its largest investments in the multifamily market. The deal is part of GE’s efforts to scale down its property holdings, according to a person close to the acquisition.
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