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Real Estate Rumor Mill: Blackstone, Mirach, Cammeby's

By Natalie Rodriguez (January 20, 2015, 1:36 PM EST) -- In a move that would once again grow the private equity giant's real estate reach, Blackstone Group LP has struck a $1.7 billion deal to pick up a portfolio of 36 rental apartment properties from Praedium Group, according to a Bloomberg report, citing unnamed sources. The portfolio boasts 11,000 apartments spread across the country, though half the portfolio is focused on California, Boston and Washington, D.C., according to the report....

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