Blackstone Inc. (NYSE:BX) has put its plans to offload stake in Embassy Office Parks REIT (NSEI:EMBASSY) on the backburner and wait for a better exit pricing. “We will eventually exit, but not right away," Senior Managing Director and Head of Real Estate Acquisitions in India for Blackstone, Asheesh Mohta, said. He added that the exit price and valuation had to be right for the company to make a profitable exit.

The last time it sold stake in the REIT was in September 2022 when it offloaded 8% in block deals raising about INR 27 billion.