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Dream Global Bought by Blackstone in Multibillion Deal

REIT Executives Cite High Cost of Capital Behind Sale to New York Private Equity Firm
New York-based Blackstone's purchase gives it office and logistics properties in Western Europe. (Getty Images)
New York-based Blackstone's purchase gives it office and logistics properties in Western Europe. (Getty Images)
CoStar News
September 16, 2019 | 2:10 P.M.

Dream Global Real Estate Investment Trust agreed to be bought by affiliates of U.S. private equity firm Blackstone for 6.2 billion Canadian dollars, or $4.7 billion U.S., in a move the Toronto-based REIT said was driven partly by high costs for capital.

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