Blackstone's retail portfolio positioned to do well in the long run

02/1/2012 | Wall Street Journal, The

Blackstone Group's decision to acquire three major retail portfolios for an aggregate $11 billion is looking to be a smart move, although it will be years before the private-equity firm can successfully exit its position. Blackstone acquired the portfolios at good prices, and they are already producing decent yields. As the retail real estate sector continues to improve, Blackstone's bet in this space appears likely to pay off.

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Wall Street Journal, The

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