Blackstone Successfully Exits the Avery Lodge Portfolio
02.14.25
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Simpson Thacher represented Blackstone in connection with the sale of its stake in the Avery Lodge portfolio to funds advised by Bain Capital.
Avery Lodge is a portfolio of four foreign worker dormitories in Singapore with over 20,000 beds.
The Simpson Thacher team for the transaction includes Jonathan Hwang, Nelson Tai, Gary Tsui and Benjamin Moh (Real Estate/M&A); Anuj Shah and Chenyu Cui (Credit); Meredith Jones and Benjamin Bressler (Tax); and Jonathan Lindabury and Nathan Utterback (Derivatives).