Exit Options for John Hancock Bond and Corporate Finance Group: Hanover Communications In... - 28 Strategic Investors

View x

Boston Properties to buy 49.8 pct interest in Colorado Center

  • Region:

    Boston, Colorado

  • Sector:

    Real Estate

  • Deal Size:

    $511.1 million

  • Buy Side Company:

    Boston Properties, Inc.

  • Sell Side Company:

  • Target Company:

Boston Properties, Inc., announced that it has signed a binding agreement with real estate funds managed by Blackstone, through its investment in Equity Office Properties, to acquire a 49.8% interest in an existing joint venture with Teachers Insurance and Annuity Association (“TIAA”) that owns the fee interest in Colorado Center in Santa Monica, California. The agreed upon gross value for the 49.8% interest is approximately $511.1 million and Boston Properties expects to pay the purchase price using existing cash balances. Boston Properties will be the managing partner of the joint venture. There is currently no debt on the property.

Tags:

mergersNews,United States,Company News,Deals,Mergers / Acquisitions / Takeovers,Corporate Events,Americas,real estate,blackstone

Why should I add a proposition?

  • Find counterparties that match your capital requirement or investment criteria
  • Get verified, vetted and analyst-picked introductions to relevant propositions
  • Generate new relationships
  • Add Proposition

Aurigin Updates

© Copyright 2023 AURIGIN, All rights reserved.

Securities are offered through Finalis Securities LLC, member of FINRA / SIPC. Aurigin is not a registered broker-dealer, and Finalis Securities LLC and Aurigin are separate, unaffiliated entities.

www.aurigininc.com is a website operated by Aurigin Inc., a privately held Delaware corporation. Aurigin provides deal origination services. Other services, such as securities-related transactions, are offered separately by Sohil Poojara in their capacity as registered representatives of Finalis Securities LLC, member of FINRA/SIPC.