Equity One To Shed Assets
Equity One Inc. (NYSE:EQY) recently announced that it has entered into an agreement with Blackstone Real Estate Partners VII to sell 36 shopping centers for $473.1 million. The transaction is expected to close by the fourth quarter of 2011. The proceeds from the disposition of theses assets will be used to retire debt and fund [...]
Equity One Inc. (NYSE:EQY) recently announced that it has entered into an agreement with Blackstone Real Estate Partners VII to sell 36 shopping centers for $473.1 million. The transaction is expected to close by the fourth quarter of 2011.
The proceeds from the disposition of theses assets will be used to retire debt and fund its redevelopment pipeline, as well as for future acquisitions and other corporate purposes.
The 36 shopping centers are primarily located in Atlanta, Tampa and Orlando … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards