Discussions » 🤑 $7.6B take-private deal of business park REIT (🔗 Visit source)
Blackstone have agreed to buy PS Business Parks (for those who wanted to know, they'll pay a 12% premium for $187.50 cash per share) to take the firm private.
The REIT (Real Estate Investment Trust) does operator business parks and office buildings, alongside industrial and multifamily properties. It's also the 3rd REIT Blackstone has acquired this year.
And the reason I think this is interesting for us coworking folks, is that Blackstone will need to find a scalable way to activate the office buildings and business parks. An idea? Flex workspaces. Obviously.
