Blackstone expands its real estate holdings

April 10, 2015 4:15 PM

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Private equity giant Blackstone Group (BX) is rapidly expanding its vast real estate empire, announcing several deals Friday that could push its property and mortgage holdings near the $100 billion mark.

The world's largest alternative asset manager, which already managed $81 billion in real estate assets, partnered with Wells Fargo to buy most assets of GE Capital Real Estate in a transaction valued at roughly $23 billion.

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