Lance Leighton
Founder – HedgeFundSpaces.com
New York State Licensed Real Estate Salesperson
Blackstone Group LP, one of the world’s largest private equity firms, is considering selling its entire U.S. real estate portfolio, which some value as high as $22 billion USD.
According to multiple sources, Blackstone has begun to prepare for an exit strategy beginning as early as next year. In February, their chief executive, Stephen Schwarzman, made a statement to analysts ”When we exit the real estate, my expectation is that we will really crush it and we will really do extremely well.” Blackstone’s domestic portfolio includes over 100 office buildings and 50 million square feet of space.
See below link to the entire article:
http://online.wsj.com/article/SB10001424052702303292204577518810593701118.html
In NYC, here are several of Blackstone’s key assets:
1095 Avenue of the Americas:
229 West 43rd Street:
28 State Street:
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