GE Capital to Sell RE Assets to Blackstone, Wells Fargo

GE is unwinding its financial companies, and as a consequence, is selling off its real estate assets. Blackstone and Wells Fargo have reportedly agreed to buy GE Capital’s real estate assets for $23bn. This is the largest deal of its kind since Blackstone acquired Equity Office Properties Trust in 2007.

A few links with deal specifics:

http://www.wsj.com/articles/ge-close-to-selling-real-estate-holdings-1428600831

http://blogs.wsj.com/moneybeat/2015/04/14/wells-fargos-cfo-opens-up-on-ge-deal/

http://economictimes.indiatimes.com/news/international/business/giant-landlord-is-betting-large-with-ge-deal/articleshow/46914319.cms

http://www.property-magazine.eu/update-wells-fargo-and-blackstone-purchase-ge-capital-s-real-estate-division-31927.html

http://www.zacks.com/stock/news/170650/blackstone-amp-wells-fargo-to-buy-ge-capital-assets-for-23b