Apollo, Broadway Bid $1.6B For U.S. Bldgs

Apollo Global Management and Broadway Partners are seeking to acquire the U.S. real estate holdings of Charter Hall Office REIT.

Apollo Global Management and Broadway Partners are seeking to acquire the U.S. real estate holdings of Charter Hall Office REIT, Bloomberg reports. The buyers will pay around $1.68 billion for the acquisition.

The portfolio includes office buildings in Los Angeles and Denver. The other bidders for some or all of the 14 U.S. properties are AREA Property Partners, Boston Properties and Highwoods Properties.

Click here for the story from Bloomberg.