The Wall Street Journal reported, citing people familiar with the matter, that General Electric is close to selling off most of its $30 billion in real-estate holdings.
The Journal said the company was in talks with private-equity firm Blackstone Group and Wells Fargo to sell $26 billion of the portfolio.
The Journal noted that about $9 billion of GE’s portfolio involves ownership stakes that GE Capital has taken in properties. Another roughly $20 billion involves investments in debt issued by property owners, the Journal said.
To view the full Wall Street Journal report, click here.
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