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Blackstone unit buys 25 Manhattan apartment buildings: source

Published Sun, Jul 26, 2015 · 09:50 PM
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Seattle

A VENTURE led by Blackstone Group LP has agreed to buy 25 Manhattan apartment buildings for about US$700 million in the private equity firm's first purchase of rental housing in the borough, a person with knowledge of the transaction said.

The mainly mid-rise properties have about 1,000 units and are located primarily in and…

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