Blackstone Real Estate Income Trust (BREIT) has exited the self-storage sector and deployed $3.3 billion into data center development during the second quarter, according to AltsWire.
BREIT sold its remaining 79 self-storage properties for $852.3 million in net proceeds. The sales were part of $2.1 billion in total property dispositions during the quarter, which also included 20 rental housing properties and 27 industrial properties.
In addition, BREIT deployed $3.3 billion, at its share, into development through its QTS data center platform.
