Press releases have been flying fast and furious about purchases of pieces of Blackstone’s recently acquired Equity Office portfolio. According to news stories, sales of buildings in Austin, Portland, OR, , Stamford, CT, and Denver (http://www.cpnonline.com/cpn/article_display.jsp?vnu_content_id=1003563671), total 68 properties and more than $3.7 billion moved off of Blackstone’s ledger. The Equity buyout, finalized less than two months ago, totaled $39 billion, indicating that if the papers have it right, Blackstone made back nearly 10% of the total deal this week.
“Thomas Properties venture to buy $1.15 billion of Austin Real Estate”
“Shorenstein closes $1 billion Oregon property deal”
“RFR agrees to buy EOP’s Stamford Portfolio from Blackstone for $850M”
“$770M Takes EOP’s Former Denver Holdings from Blackstone”
“Blackstone’s Bid for Equity Office Prevails”