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GE Capital Real Estate Closes Nearly $10 Billion in Transactions towards Exit

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FAIRFIELD, Conn.--(BUSINESS WIRE)--GE (NYSE:GE) announced its GE Capital Real Estate business has now completed transactions totaling $9.5 billion with Blackstone (NYSE:BX), Wells Fargo (NYSE: WFC), Shinsei Bank Limited and other buyers for portfolios in Canada, Japan, Germany, U.K. and the U.S. As announced on April 10, $22.5 billion of GE’s real estate debt and equity assets will be sold to Blackstone and Wells Fargo. On May 29, Shinsei Bank announced it had acquired from GE a $0.5 billion po

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