BlackRock will nearly double real estate investments through MGPA acquistion

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Asset management firm BlackRock Inc. will nearly double its investments in real estate by buying investment firm MGPA, which has $12 billion in assets under management, the Wall Street Journal reports. The move gives BlackRock a bigger presence in the Asia-Pacific region, where two-thirds of MGPA’s real estate holdings are located, and Europe. Source: wsj.com.