Blackstone Group (BX) will invest about $500M in General Growth Properties (GGP) once the...

|About: The Blackstone Group L.P. (BX)|By:, SA News Editor

Blackstone Group (BX) will invest about $500M in General Growth Properties (GGP) once the shopping mall operator emerges from Chapter 11. A group comprised of Brookfield Asset Management, Fairholme Fund and Pershing Square Capital Management has agreed to provide up to $8.5B to finance General Growth’s exit from bankruptcy.