Charleston-based Greystar sells apartments worth $2B

CHARLESTON, S.C. (AP) — A Charleston company that owns and manages apartment complexes in the United States, Mexico and Europe has sold 32 of its properties for $2 billion.

Greystar Real Estate Partners announced in a news release Tuesday that one of its investment funds sold the properties to Blackstone Real Estate Partners in a deal that amounts to $192,000 for each of the 10,400 rental units.

The sale includes properties in Seattle, San Francisco, Los Angeles, South Florida, New York City and in Boston.

The properties are a mix of mid-rise, high-rise and garden-style apartment buildings.

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