Taubman Centers, Inc. (NYSE: TCO) said Feb. 14 that it has agreed to sell half its interest in its three Asia shopping centers to The Blackstone Group in a transaction valued at $480 million. The centers are located in South Korea and China.
On a fourth quarter 2018 earnings call, CEO Robert Taubman said the transaction confirms the value the REIT has created with its Asia platform, noting the company is recycling capital through the deal and improving its liquidity by nearly $500 million.
from News https://www.reit.com/news/articles/taubman-sell-half-its-interests-asian-shopping-centers-blackstone
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