Dream Global REIT has received the regulatory approvals required for the closing of the previously announced transaction pursuant to which affiliates of real estate funds managed by The Blackstone Group will acquire all of Dream Global REIT’s subsidiaries and assets in an all-cash transaction valued at C$6.2 billion ($4.5 billion).
The closing will occur this month.
The transaction also requires a separation of Dream Asset Management Corp., a subsidiary of Dream Unlimited Corp., from its role as external asset manager to the REIT.
