GE Capital announced the sale of its global commercial real estate business, GE Capital Real Estate. In accordance with this strategy, an agreement was signed to sell a majority of the assets in the United States, Canada, Mexico, Europe and Australia for $23 billion to real estate funds and vehicles managed by Blackstone Group L.P. and Wells Fargo & Company.
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Kimberlite Group, LLC (“Kimberlite”) serves as a strategic financial advisor and has a registered broker-dealer, Kimberlite Advisors, LLC. We are managed by partners Thomas O’Neill, Michael Coster, David Connelly, Alan Pomerantz and Kenneth Hamlet. Lewis Ranieri serves as a senior advisor. We work with a selective group of clients to provide senior level advice and services to the management and boards of public companies, privately held companies, private equity firms, institutional investors with a special emphasis on real estate engagements and the needs of financial institutions. Kimberlite is active across the globe and has offices in New York, San Francisco and Chicago. For more information about Kimberlite, please visit www.kimberlite.com