Deals
U.S. Property Deals May Double as Blackstone Bets on Rebound
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U.S. commercial property purchases may double this year as confidence builds among investors with access to credit and equity that values will rebound.
Blackstone Group LP’s planned $9.4 billion purchase of U.S. shopping centers and Ventas Inc.’s proposed $5.7 billion buyout of a health-care real estate investment trust, one of two multi-billion dollar health care REIT deals announced yesterday, may mean a wave of commercial real estate acquisitions is coming as buyers regain confidence in the market.