Blackstone To Drop $100M On SocGen RE Loan Portfolio

Law360, New York (March 19, 2012, 7:01 PM EDT) -- New York private equity giant Blackstone Group LP will buy a U.S. commercial property loan portfolio from French bank Societe Generale SA for roughly $100 million, two people familiar with the matter said Monday.

Two New York-based real estate attorneys, who spoke on condition of anonymity because the deal is not yet finalized, said that Societe Generale and Blackstone would likely complete the sale in the next few weeks as the French bank continues to divest its real estate holdings.

The sale would be the first...
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