Edens Receives $1.5bn Investment

December 23, 2013

Shopping center owner Edens said Thursday that it had received a $1.5 billion investment that would allow the company to expand its portfolio — about a quarter of which is in the Washington area — from $4 billion to $7 billion. In the deal, private equity giant Blackstone Group is spending $718 million for a 29 percent stake in Edens and is partnering with two other investors to provide the developer with another $750 million to fund acquisitions. (Post)

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