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Jonathan Gray, global head of real estate at private-equity firm The Blackstone Group, said he expects the company’s single-family rental platform will be in a position to go public within the next one to two years.
Speaking April 23 at the Real Estate Luminaries Series at Georgetown University’s Steers Center for Global Real Estate, Gray said Blackstone is in the process of “building something that will look like an apartment REIT.”
DDR Corp. (NYSE: DDR) and an affiliate of Blackstone Real Estate Partners VII said June 12 they have formed a third joint venture that will acquire 76 shopping centers currently owned by American Realty Capital Properties, Inc. (NASDAQ: ARCP) for approximately $ 2 billion.
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