August 25, 2015
Equity Office, the major landlord owned by private-equity giant Blackstone Group, has named Eli Khouri president and chief executive officer. Khouri replaces Tom August, who is retiring.
Khouri most recently served as executive vice president and chief investment officer at Kilroy Realty Corp. His tenure at Chicago-based Equity starts next month.
Blackstone, based in New York City, is looking to sell off a majority of the Equity portfolio, which it acquired in 2007 and is looking to purchase new office assets. It paid $1.3 billion earlier this year for the Willis Tower in Chicago, which is the country’s second-tallest building.