September 8
Blackstone agrees to buy Strategic Hotels and Resorts Inc. for $3.93 billion. Including debt, the transaction is valued at $6 billion. Strategic owns 18 luxury properties throughout the nation, including hotels in New York, Washington, D.C., San Francisco and Miami.
October 8
Blackstone agrees to buy medical office REIT BioMed Realty Trust for $4.8 billion. Including debt, the transaction is valued at $8 billion. BioMed owns and operates approximately 18 million sq. ft. of properties geared toward the life sciences sector located in primary markets, including Boston, Seattle and San Francisco.