Blackstone's Brixmor sets expected IPO range

|About: Brixmor Property Group Inc. (BRX)|By:, SA News Editor

Shopping center owner Brixmor Property Group (BRX) expects its IPO to price between $19 and $21 per share, raising about $790M at the midpoint. At the top of the range, the REIT would be valued at about $4.6B.

Blackstone (BX) has been aggressively moving to unload/take public real estate assets, recently filing to take Hilton and Extended Stay America public as well.

Brixmor has 521 shopping centers spanning the entire country, and are typically anchored by supermarkets.

Earlier: Blackstone reports Q3 results.