July 10 Private-equity firm Blackstone Group LP
is preparing to sell its U.S. office buildings portfolio,
The Wall Street Journal reported on Tuesday.
Blackstone is also considering listing it as a real estate
investment trust, the journal said quoting real estate
executives who have engaged in discussions with the firm.
The company's office portfolio, which comprises more than
100 buildings and about 50 million square feet of space, has
been valued around $22 billion by analysts, the WSJ said.
The report said New York-based Blackstone has begun pruning
the office portfolio and is readying it for a bulk sale that
could come as early as next year.
Blackstone has to return money to investors in funds that
typically liquidate after seven to 10 years, WSJ said.
A Blackstone spokesman was not immediately available for