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Brookfield, Blackstone Close $7.2B Trizec Acquisition

Buyout of Chicago Office REIT Seen as Largest Real Estate Transaction with Private Equity Funding
By Jillian Ambroz
October 5, 2006 | 8:40 P.M.

A venture between Brookfield Properties Corp. (NYSE: BPO) and The Blackstone Group closed on its $7.2 billion acquisition of Trizec Properties Inc. (NYSE: TRZ). The deal, first announced in June, is considered the largest real estate transaction with private equity funding to date.

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News | Brookfield, Blackstone Close $7.2B Trizec Acquisition