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Blackstone Invests in Edens

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Private equity player the Blackstone Group is expanding its aleady sizeable retail portfolio with an investment in shopping center owner Edens, according to The Wall Street Journal. The firm has paid the State of Michigan Retirement System $718 million for a 29 percent stake in Edens, which owns 111 grocery-anchored shopping centers in the Southeast and Northeast. Blackstone will share ownership with J.P. Morgan Asset Management and the New York State Teachers' Retirement ...

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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