GE reportedly sells apartment portfolio to Blackstone

|By:, SA News Editor

GE Capital unloads more real estate - this time an apartment portfolio valued at $2.7B, reports CNBC, with Blackstone (BX) as the buyer.

In the last couple of months, GE has also sold an $807M portfolio of net lease properties to American Capital Realty and 7 Australian office buildings - also to Blackstone - for about $271M.