IFLR1000

Blackstone Group $1.16 billion acquisition of Hines REIT assets

7/11/2016
Private acquisition
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$ 1.16 billion

Completed

7/11/2016

Overview:

  • Blackstone has completed its $1.16 billion acquisition of assets from Hines REIT.
  • The assets consist of approximately 3 million square feet of office space on the West Coast.
  •  The sale is part of the Hines liquidation plan.
  • The deal was first announced this past July.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Private acquisition

Practice areas:

Private equity
M&A

Governing law:

United States

Industry sector:

Real estate

Firms:
Baker Botts

Party: Hines REIT (Seller)

Lawyers: Connie Simmons Taylor, Jon Dunlay

Simpson Thacher & Bartlett

Party: Blackstone (Acquirer)

Lawyers: Brian Stadler, Scott Kobak

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