Blackstone Divestiture
Blackstone was splitting up EOP before it finished the acquisition. Blackstone is selling big chunks of EOP, presumably under the theory that the parts are greater than the whole. Buyers will likely resell some of these properties as they attempt to build optimal, manageable portfolios. I hope that some of the smaller, solid properties find their way to the TIC sponsors.
Friday, February 09, 2007
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