News | Blackstone may face challenge in any attempt to exit investment in Chicago's Willis Tower

NodeGuardian · 2026-02-11T20:42:53+00:00

Blackstone's investment in Chicago's Willis Tower, totaling over $3.3 billion since its acquisition in 2015, faces challenges due to high costs and market conditions. Potential solutions include selling parts of the building or forming a REIT to manage exit risks.

NodeGuardian

2026-02-11 20:42:53

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Blackstone, which acquired Chicago’s Willis Tower in 2015 for $1.3 billion and has invested over $2 billion in it, faces significant challenges in exiting its investment due to the substantial sum involved and current market conditions. Despite recent inquiries about a potential sale or loan assumption, the private-equity giant might find it difficult to profit given the size of the deal, rising borrowing costs, and decreased office values. Creative solutions, such as selling parts of the building or a publicly traded REIT, may be necessary to facilitate an exit without a major reputational hit.

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