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Simpson Thacher Represents Blackstone in $2.1 Billion Sale of German Residential Portfolio

03.13.07

Simpson Thacher represents Blackstone in connection with a sale of a majority of its interests in the Vitus Group which owns a portfolio of 31,000 apartments in Germany. The parties have reached a definitive agreement and the transaction is expected to close in April. Simpson Thacher represented Blackstone in its initial acquisition and subsequent refinancing of the Vitus Group.

The Simpson Thacher team working on the sale includes Farhad Karim, Alex Benjamin, and Nate Hagerman (Real Estate); Stephen Short and Clare Cottle (finance); Meredith Jones and Jenifer Marsh (Tax); and Jeanne Annarumma (Benefits).