Blackstone Buying U.S. Centers From RioCan for $1.9 Billion

  • Deal marks end of six-year U.S. foray for Canadian company
  • Retail properties are in Texas and northeastern states

RioCan Real Estate Investment Trust is ending its six-year foray into the U.S. with a deal to sell its 49 shopping centers in the country to Blackstone Group LP for $1.9 billion.

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