Blackstone to Sell GGP Shares


The Blackstone Group plans to sell its stake in mall REIT General Growth Properties, after investing in the firm when it was in bankruptcy in 2010, Bloomberg reports. The private equity firm plans to sell all of its 23.4 million shares in a secondary offering.

GGP won't get any money from the transaction.

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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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