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Blackstone partner expands residential portfolio

Blackstone joined forces with independent asset manager Alyssa Partners to purchase a portfolio of 19 multi-family assets across Tokyo, Osaka, Nagoya, and Fukuoka with an estimated value of over 20 billion yen (146 million euros). The properties have an average age below six years and comprise 1,075 apartment units spanning a gross area of 32,600 square meters.

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