Deal Summary In February 2007, after 25 years of working its way to the top of real estate private equity, The Blackstone Group, led by Jonathan Gray, acquired Sam Zell's Equity Office Properties Trust (EOP) for $39 Billion (including debt).  At the time of the buyout, Equity Office was the country's largest owner of office … Continue reading How Blackstone Tripled its Initial Investment through its 2007 Buyout of Equity Office Properties – Part 1: The Background, Negotiation and Closing