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Real Estate Rumors: Simplex, Shanghai, Restoration Hardware

By Natalie Rodriguez (August 3, 2015, 2:53 PM EDT) -- The second round of bidding for Japanese asset manager Simplex Investment Advisors has reportedly commenced with an array of interested parties, including Blackstone Group LP, Fortress Investment Group, Elliott Management and Japan-based property firms Hulic Co. and Kenedix Inc. said to be a on short list of potential buyers, according to a Reuters report on Monday, which cited unnamed sources. The sale process, which was launched Simplex owner and U.S. property investment fund Aetos Capital Real Estate, is expected to close by the end of the month with sources saying the deal could be for more than $1 billion, according to the report....

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