IFLR1000

Blackstone $7.6 billion acquisition of Gramercy Property Trust

7/5/2018
Public acquisition
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$ 7.6 billion

Announced

7/5/2018

Overview:

  • Private equity firm Blackstone has acquired REIT Gramercy Property Trust in a $7.6 billion deal. 
  • Citigroup Global Markets and BofA Merrill Lynch and acted as financial advisers for Blackstone and Morgan Stanley advised Gramercy. 
  • The transaction is expected to close in the second half of 2018. 

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Public acquisition

Practice areas:

Private equity
M&A

Governing law:

United States

Industry sector:

Real estate

Firms:
Simpson Thacher & Bartlett

Party: Blackstone (Acquirer)

Lawyers: Brian Stadler, Jonathan Ozner, Sasan Mehrara

Wachtell Lipton Rosen & Katz

Party: Gramercy Property Trust (Target)

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