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Posted on: May 7, 2018, 5:31 p.m.
Gramercy Property Trust (NYSE: GPT) said May 7 that it has agreed to be acquired by affiliates of Blackstone Real Estate Partners VIII for $27.50 per share in an all-cash transaction valued at $7.6 billion. The offer represents a 15 percent premium above Gramercy’s closing share price of $23.82 on May 4. Completion of the transaction is currently expected to occur in the second half of 2018. Gramercy specializes in acquiring and managing income-producing industrial real estate leased in growing ... Full investment news articleRelevent to this post: SunTrust DCT Industrial Trust,