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GE To Shed $26.5 Billion in CRE Assets

The Blackstone Group and Wells Fargo Will Split the Bulk of Assets of GE Capital’s Investment Real Estate

Seeking to refocus on its core industrial manufacturing business, GE said it will dispose of most GE Capital commercial real estate assets over the next 24 months. The Connecticut-based GE announced sales agreements this morning for most of those assets after its board of directors decided to act due to favorable market conditions for commercial property.

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