Global InformationPS Business Parks information
 | |
| Company type | Private |
|---|---|
Traded as | NYSE: PSB |
| Industry | Real estate investment trust |
| Founded | 1990 |
| Defunct | July 20, 2022 |
| Fate | Acquired by Blackstone Inc. |
| Headquarters | Glendale, California, U.S. |
Key people | Mac Chandler (CEO) Ronald L. Havner, Jr. (Chairman) |
| Products | Real Estate |
| Revenue |  US$483.70 million (2021) |
Net income | US$393.09 million (2021) |
| Total assets | US$1.99 billion (2021) |
| Total equity | US$2.12 billion (2021) |
Number of employees | 155 (2019) |
| Website | www |
| Footnotes / references [1] | |
PS Business Parks, Inc., was a publicly-traded real estate investment trust that acquired, developed, owned and operated commercial properties, primarily multi-tenant industrial, flex and office space. Located primarily in major coastal markets, PS Business Parks’ 97 properties served approximately 5,000 tenants, in 28 million square feet across California, Texas, Virginia, Florida, Maryland and Washington state. The portfolio also included 800 residential units (inclusive of units in-process) in Tysons, Virginia. As of July 20, 2022, PS Business Parks, Inc.'s holdings have been transferred to Link Logistics Real Estate, an affiliate of Blackstone Real Estate.[2] completing an acquisition first announced on April 25, 2022.[3]
- ^ "PS Business Parks, Inc. 2021 Form 10-K Annual Report" (PDF). ir.psbusinessparks.com. U.S. Securities and Exchange Commission.
- ^ Madler, Mark (December 5, 2022). "Year in Review: Warner Media, PS Business Parks Involved in 2022's Biggest Deals". San Fernando Valley Business Journal.
- ^ "Blackstone to buy PS Business Parks in $7.6 billion take-private deal". Reuters. April 25, 2022.