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Blackstone expects more distressed real estate deals in ‘target rich’ U.S.

Posted on 07 June 2011

Blackstone Group LP (BX), the biggest private-equity firm, expects more deals in distressed U.S. commercial real estate and says European banks starting to sell troubled property assets present a “sizable” opportunity.
“In the U.S. today I think it’s still a fairly target-rich environment because a lot of assets need to be recapitalized, fixed,” Jonathan Gray, a co-head of the firm’s real estate business, said……………………………………..Full Article: Source


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