Tag: Blackstone’s wait to exit Embassy REIT gets longer

With valuations and pricing not matching up to its expectations, global private equity giant Blackstone has resigned itself to a longer wait to exit - fully or partially - its stake in Embassy Office Parks REIT. In a recent conversation with businessline, Asheesh Mohta, head of real estate acquisitions at Blackstone, said with valuations being what they were, this was not the right time to look for an exit. They were in no hurry and were prepared to wait for 3-4 more quarters before deciding on an exit....