The Philadelphia Inquirer is reporting that Bart Blatstein has sold 60% of his interest in the Piazza at Schmidts and Liberties Walk. Kushner and Oaktree Capital Management L.P., a real estate investment fund are the buyers and the Inquirer estimates the deal is worth $130 million to Blatstein.
It would appear the deal gives Blatstein a cash infusion for his North Broad casino project, The Provence.
Blatstein sells controlling interest in Piazza, Liberties Walk [Philadelphia Inquirer]
Deconstructing Bart Blatstein [Philadelphia Magazine]