CAM, SAM, Simpson, Latham lead on Blackstone part-selling of Embassy REIT stake

Blackstone, the world’s largest alternative assets manager, aims to sell Embassy Office Parks REIT units worth $257 million through a block trade.

The sale represents a 7% stake of the real estate investment trust (REIT). At present, Blackstone holds a 55% stake in the REIT, reported Mint.