Blackstone To Unload $20B US Office Portfolio: Report

Law360, New York (July 10, 2012, 7:43 PM EDT) -- Private equity giant Blackstone Group LP is preparing to divest itself of its lucrative U.S. office portfolio, which could be worth more than $20 billion, as the private fund firm moves from buyer to seller in the domestic real estate market, according to a Tuesday report.

Blackstone is working toward selling off the portfolio sometime next year but has not entered into negotiations with specific potential buyers, according to the Wall Street Journal report. The PE titan is also considering listing the portfolio as a real...
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