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Real Estate Rumors: Blackstone, BofA, Triple Star Realty

By Andrew McIntyre (November 1, 2017, 3:28 PM EDT) -- The Blackstone Group LP has acquired a 4-million-square-foot real estate portfolio from Principal Real Estate Investors for $500 million, The Wall Street Journal reported on Tuesday, citing sources with knowledge of the matter. The assets in the portfolio include distribution centers, warehouses and other industrial properties and are part of a 16-million-square-foot logistics portfolio Principal and Majestic Realty Co. divided up earlier this year, the journal said....

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