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
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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.
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