June 14, 2023
Blackstone Taking Bids On 815K SF Atlanta Office Tower
Blackstone is continuing to pare its office holdings, the latest in a long strategy of reducing its exposure to the struggling asset class...

Blackstone Taking Bids On 815K SF Atlanta Office Tower

June 6, 2023 | Ethan Rothstein | Bisnow 

Blackstone is continuing to pare its office holdings, the latest in a long strategy of reducing its exposure to the struggling asset class.

Blackstone Real Estate Income Trust is looking to sell Three Ravinia Drive Atlanta, an office building in Atlanta’s Central Perimeter it picked up when it acquired Preferred Apartment Communities last year for $5.8B. The building is expected to fetch roughly $175M, Green Street’s Real Estate Alert reported. PAC acquired the 814K SF building in 2016 for $210.1M.

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