Blackstone (NYSE: BX) has acquired a passive, minority equity stake in Rockpoint Group LLC, a Boston-based global real estate investment management firm. The investment is coming from Blackstone’s Strategic Capital Holdings Fund.

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 in Brooklyn, NY…

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