Blackstone Real Estate Partners VIII/Fairstead Capital acquisition of apartment buildings from B&L Management

10/9/2015
Private acquisition

$ 690 million

Announced

10/9/2015


Overview:

  • Blackstone Real Estate Partners and Fairstead Capital have acquired 997 residential units in New York City from B&L Management.
  • The units are located in Chelsea and Upper East Side of Manhattan. 

Rani Mehta - Journalist 

Jurisdiction:

United States

Deal type:

Private acquisition

Practice area:

Private equity

Industry sector:

Real estate


Firms:

Party: Fairstead Capital (Acquirer)


Party: Blackstone (Acquirer)


Party: B&L Management Company (Seller)

Lawyer: David Drewes