Miami Beach REIT sells 10 Gulf Coast shopping centers

  • By Business Observer Staff
  • | 10:18 p.m. November 4, 2011
  • Tampa Bay-Lakeland
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North Miami Beach-based real estate investment trust Equity One Inc. agreed to sell 36 shopping centers — with a total of 3.9 million square feet of space — to Blackstone Real Estate Partners VII for $473.1 million. The agreement includes mortgage loan debt valued at $177.4 million in principal as of June 30.

 

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