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Thursday, November 20, 2014

Blackstone to purchase residential assets from GE Japan for about $1.6 bln, (NYSE: BX)

Blackstone Group LP, the world's largest alternative asset manager, said it will purchase residential assets in Japan from GE Japan Corp for more than 190 billion yen ($1.6 billion). The business owns and operates more than 200 residential properties in Tokyo, Osaka, Nagoya and Fukuoka.

The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX traded higher by 0.58% or $0.19/share to $32.86. In the past year, the shares have traded as low as $26.16 and as high as $36.08. On average, 4849440 shares of BX exchange hands on a given day and today's volume is recorded at 4093316.