Mar
28

South Carolina Retail Centers Snapped Up In Spree

By
– postandcourier.com
The world’s largest private equity firm is investing some of its war chest in nine South Carolina retail centers, including three in the Charleston region, courtesy of a recent shopping spree। Blackstone Group LP is buying Centro Properties Group’s collection of U।S. properties in a deal valued at $9.4 billion, it was recently announced. The deal was of the distressed variety: Australia-based Centro has been hobbling, partly under the weight of $8 billion in debt it owed on its 588 U.S. retail centers in 39 states. It sold the portfolio at a 1.3 percent discount based on the Dec. 31 book value.
ARTICLE SHORTENED DUE TO LENGTH….

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