Thursday, May 23, 2013

Blackstone REIT Upsizes Stock Offering


Blackstone REIT Upsizes Stock Offering

NEW YORK CITY-An affiliate of the Blackstone Group, Blackstone Mortgage Trust could raise up to $659 million in a stock sale intended to finance acquisition of a loan portfolio.

Lehman Sells Half Its Stake in EQR, AvalonBay

NEW YORK CITY-The sale of a combined 23 million shares of Equity Residential and AvalonBay occurs about a month after the end of a lockup period following Lehman’s sale of Archstone to the two REITs.

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