Blackstone's REIT Buying Binge Continues as It Agrees to a $3.7 Billion Apartment REIT Deal
Blackstone Group (NYSE: BX) is at it again. The private-equity giant is buying another real estate investment trust (REIT). This time, it's paying $3.7 billion to acquire Resource REIT, a non-traded REIT focused on owning apartment buildings.
Here's a closer look at Blackstone's latest headline-grabbing deal and what's driving its shopping spree.
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Source Fool.com
