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Blackstone's Brixmor sets expected IPO range

  • 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.
Comments (1)
  • Swliv
    , contributor
    Comments (132) | Send Message
     
    Blackstone paid $9 billion in '11 for what's now called Brixmore to Australia-based Centro Properties Group, per this from CoStar http://bit.ly/1gn69B1 for what it's worth. Long BX.
    17 Oct 2013, 10:52 AM Reply Like
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