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Columbia Equity Trust Accepts $502M Buyout Offer from JPMorgan Fund

Special Situation Property Fund to Pay $289M in Cash, Assume $213M in Debt
By Jillian Ambroz
November 7, 2006 | 11:44 P.M.

First, Washington-based CarrAmerica Realty went private in a $5.6 billion sale to an affiliate of The Blackstone Group. Now another Carr family offshoot, Columbia Equity Trust Inc. (NYSE: COE), is being taken private.

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