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Blackstone Group LP To Buy Apartments From General Electric Co-NYT


Monday, 12 Aug 2013 09:21pm EDT 

The New York Times reported that Blackstone Group LP has agreed to buy control of 80 apartment complexes from General Electric, valuing the properties at about $2.7 billion. General Electric, whose finance arm is selling the apartment properties, has been looking to slim down its real estate holdings, as part of an overall effort to reduce its size and riskiness. 

Company Quote

26.55
0.35 +1.34%
11 Jul 2014