Blackstone (NYSE: BX) has acquired a passive, minority equity stake in Rockpoint Group LLC, a Boston-based global real estate investment management firm. The private equity firm tapped its Strategic Capital Holdings Fund to make the investment.

Terms of the transaction were not disclosed.

The deal puts Blackstone into the mix with Rockpoint for a deal to purchase Starrett City, a 5,881-unit, federally subsidized, affordable housing community…

Article From: "Key Realty Commercial Real Estate News"   Read full article