Skift Take
Although Blackstone is only publicly speaking about commercial real estate now, it’s hard to imagine that the private-equity giant won’t look to unload a few of its 185,000 rooms — or even the Hilton chain itself.
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Private-equity firm Blackstone Group LP is preparing to unload its portfolio of U.S. office buildings, a move that would signal that one of the property sector’s most active buyers is moving into a selling phase as top office markets recover.
Blackstone is leaning toward selling the portfolio, which analysts have valued as high as $22 billion, in regional parcels, according to real-estate executives who have discussed the matter with the firm.
