Blackstone is trying to sell its 8,400 unit portfolio of Spanish residential and commercial properties for $1.2B USD. The deal is complicated by the fact that Spain is in a deeper recession than the 2008 financial crisis.
Markets and investors don’t like uncertainty, so to deliver confidence to any would-be suitors, the global private equity and real estate giant is offering up to a 10% reimbursement if the value of their acquired properties declines by more than 10% in the 3 months following the date of closing.
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