The Business Times

Property

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Property

SUBSCRIBERS

Blackstone to buy apartments from Greystar for US$2b

With this deal for 32 properties with 10,399 units, the world's largest private equity firm will control 57,000 units in the US

Published Wed, Dec 9, 2015 · 09:50 PM
Share this article.

New York

BLACKSTONE Group has agreed to buy 32 multi-family properties for about US$2 billion from Greystar Real Estate Partners as the private equity giant expands its push into the United States apartment market.

The buildings, with a total of 10,399 units, are spread throughout the country in states such as California, Florida, Washington and New York, Greystar said in a statement on Tuesday.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here