The portfolio sale will include 76 centers currently held by American Retail Capital Properties.
In what will mark one of the largest retail portfolio deals year-to-date, shopping center REIT DDR and private equity firm Blackstone formed a joint venture to buy 76 shopping centers from American Realty Capital Properties, reports Bloomberg. The transaction is valued at approximately $2 billion, including assumed debt. The portfolio is made up primarily of power centers located in strong urban hubs, including Los Angeles, Chicago, Washington, D.C., Denver, Houston, Atlanta and Phoenix. It ...
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