Blackstone Group LP may reportedly purchase 100bn yen worth of real-estate loans from Morgan Stanley's Japanese operations
According to reports, the deal would mark Blackstone's first investment in Japan and "could help breathe life into the domestic real-estate market."
Real-estate prices in Japan suffered their latest plunge in the wake of the global financial crisis. Blackstone is likely to pay far less than the 100 billion yen face value of the loans, according to the report.