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Blackstone REIT Upsizes Stock Offering
NEW YORK CITY-An affiliate of the Blackstone Group, Blackstone Mortgage Trust could raise up to $659 million in a stock sale intended to finance acquisition of a loan portfolio.
Lehman Sells Half Its Stake in EQR, AvalonBay
NEW YORK CITY-The sale of a combined 23 million shares of Equity Residential and AvalonBay occurs about a month after the end of a lockup period following Lehman’s sale of Archstone to the two REITs.
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