U.S.-based property investment fund Aetos Capital Real Estate is preparing to sell Simplex Investment Advisors, a Japanese real estate asset management firm, seeking as much as 200 billion yen ($1.7 billion), people with knowledge of the deal said. Aetos, which has hired Mitsubishi UFJ Morgan Stanley as a sale adviser, has sounded out investment funds including U.S. property investor Blackstone Group LP and Hong Kong-based alternative asset manager PAG, the people said.The people declined to be identified as they are not authorised to speak to media. Aetos declined to comment. A Mitsubishi UFJ Morgan Stanley spokeswoman declined to comment.Simplex's assets include a hotel near Tokyo Disney Resort and a 12-storey office building in Tokyo's Toyosu district, near the venue for the 2020 Tokyo Summer Olympics.Simplex also owns Simplex REIT Partners, which manages real estate trust SIA Reit Inc.
Blackstone Group LP (Blackstone) is an asset manager and provider of financial advisory services. Shares of BX fell by 0.85% or $-0.33/share to $38.36. In the past year, the shares have traded as low as $26.56 and as high as $39.62. On average, 4057950 shares of BX exchange hands on a given day and today's volume is recorded at 3361932.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS fell by 0.52% or $-0.19/share to $36.31. In the past year, the shares have traded as low as $28.31 and as high as $39.19. On average, 10679100 shares of MS exchange hands on a given day and today's volume is recorded at 7341594.