
BlackRock to Buy Real Estate Firm With $7.3 Billion in Assets
ElmTree will be integrated into Private Financing Solutions, the new platform created through BlackRock's $12 billion purchase of credit firm HPS Investment Partners last year. Payment for ElmTree will be primarily in stock, with the potential for additional consideration based on ElmTree's performance over the next five years, BlackRock said in a statement Monday. The purchase price and other financial details weren't disclosed.
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