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    Home»Deals & Transactions»Inside Blackstone’s $38bn week of blockbuster deals
    Deals & Transactions

    Inside Blackstone’s $38bn week of blockbuster deals

    February 22, 20221 Min Read
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    The Blackstone Group LP logo hangs in the company's offices in New York, U.S., on Tuesday, June 4, 2013. Blackstone Group LP, the second-biggest U.S. office landlord, has said it expects strong interest from sovereign-wealth funds for properties it plans to sell starting this year. Photographer: Scott Eells/Bloomberg via Getty Images
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    In a matter of three days last week, Blackstone agreed three transactions around the globe totaling roughly $38bn of activity.

    The mega-manager executed the biggest private real estate deal on record with its €21 billion recapitalization of its European logistics company Mileway; reached an agreement to purchase the Australian gaming operator Crown Resorts for $6.3 billion; and inked a deal to privatize the US REIT Preferred Apartment Communities for $5.8 billion.

    The flurry of activity represents the firm’s highest volume of real estate transactions in such a short period in more than a decade. The last time it put so much capital to work within a similar timeframe was in 2007, when it acquired Sam Zell’s Equity Office Properties Trust for $39 billion. Because the EOP transaction included the assumption of the REIT’s debt, last week’s transactions represented a greater sum of equity, PERE understands.

    Read more: PERE News

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    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    deals and transactions PE Insider Private Equity
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