The private equity firm of Blackstone Group has agreed to acquire Equity Office Properties Trust, the largest U.S. owner and manager of office buildings which is believed to be one of the biggest real estate deals of all time.
Blackstone agreed to purchase EOPT for $20 billion and to assume $16 billion in debt. The closing is scheduled for early 2007, transforming Equity Office from a publicly held real estate investment trust (REIT) into a private corporation.
Blackstone agreed to purchase EOPT for $20 billion and to assume $16 billion in debt. The closing is scheduled for early 2007, transforming Equity Office from a publicly held real estate investment trust (REIT) into a private corporation.
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