-Blackstone Inc on Monday raised its bets on the property sector with a $7.6 billion deal to purchase actual property funding belief (REIT) PS Enterprise Parks.
Below the deal, associates of Blackstone Actual Property can pay shareholders of PS Enterprise Parks $187.50 for every share they personal, marking a premium of almost 12% to the inventory’s final closing value.
The deal introduced by the 2 firms comes lower than per week after the world’s largest different asset supervisor introduced a $12.8 billion deal for pupil housing firm American Campus Communities Inc.
Blackstone had in December agreed to purchase Bluerock Residential Development REIT in a $3.6 billion deal.
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