Bloomberg Business

Blackstone Sells Storage Business as BREIT Faces Withdrawals

Blackstone Inc.’s $68 billion real estate trust agreed to sell Simply Self Storage to Public Storage for $2.2 billion as the property vehicle grapples with investor withdrawals and upheaval in the commercial-property sector.

TC Sells Pipeline Stake to GIP for $3.9 Billion to Cut Debt

TC Energy Corp. agreed to sell a 40% stake in two US natural gas pipeline networks for $3.9 billion (C$5.2 billion) in cash, a deal that will allow the Canadian company to meet a goal of reducing its debt ahead of schedule.

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