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Blackstone to take REIT PS Business Parks private for $7.6bn: Reuters

Blackstone has agreed to buy real estate investment trust PS Business Parks in a take-private deal for $7.6 billion, reported Reuters.

Blackstone has agreed to buy real estate investment trust PS Business Parks in a take-private deal for $7.6 billion, reported Reuters. The newswire noted that California-headquartered PS Business Parks operates a portfolio of industrial, business parks, office buildings, and multifamily properties located across California, Florida, Texas and northern Virginia.

Source: Reuters