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Tishman, Lehman Close REIT Deal

$13.5B offer for apartment giant marks major privatization

By J. Kelman, Newser User

Posted May 29, 2007 11:50 AM CDT

(Newser) – In a penthouse-level play, real estate developer Tishman Speyer Properties and investment bank Lehman Brothers will spend $13.5 billion to buy the nation's second-largest apartment owner. The $60.75 per share offer for real estate trust Archstone-Smith, confirmed this morning, will take the company... Read full story »

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Tishman, Lehman Close REIT Deal

$13.5B offer for apartment giant marks major privatization

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