Blackstone REIT buys industrial portfolio for $1.8b
Blackstone Real Estate Income Trust has plans to acquire a 22 million-square-foot industrial portfolio from Cabot Industrial Value Fund IV for $1.8 billion. A press statement has not been released.
The portfolio comprises 146 U.S. industrial properties located in Baltimore/Washington, D.C., Chicago, Dallas, Denver, Florida, Los Angeles/Inland Empire and New Jersey.
Real Estate Alert reported the deal earlier this month, as have multiple media outlets.