Blackstone to buy GE Japan's residential property arm
Business owns and operates over 200 properties, mainly in Tokyo, Osaka, Nagoya, Fukuoka
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Seattle
BLACKSTONE Group LP agreed to buy GE Japan Corp's residential property business for more than 190 billion yen (S$2.1 billion) to expand its apartment holdings in Japan.
The business being acquired owns and operates more than 200 properties with more than 10,000 residential units, mainly in Tokyo, Osaka, Nagoya and Fukuoka, Blackstone said in a statement on Thursday. The New York-based company, the biggest US single-family rental-home landlord, said that it's making the purchase partly with its new Asia real estate fund.
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