Affiliates of Blackstone Real Estate Complete $7.6B Acquisition of PS Business Parks, Inc.

GLENDALE, Calif. & NEW YORK--Blackstone (NYSE: BX) today announced that affiliates of Blackstone Real Estate have completed the previously announced acquisition of all of the outstanding shares of common stock of PS Business Parks, Inc. (“PSB”) for $187.50 per share in an all-cash transaction valued at approximately $7.6 billion, including transaction expenses. Simpson Thacher & […]