PS Business Park Agrees to $7.6 B Blackstone Deal, Higher Rents May Follow
- Scott Peters
- U.S.A. New York City
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PS Business Parks agreed to be acquired by affiliates of Blackstone for $7.6 billion. Public Storage, the largest shareholder, has approved the deal. Blackstone has ramped up its acquisition of real estate properties in the last two years as the pandemic reshapes home and work life.
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