Flurry of industrial deals buttress property type
Many real estate pundits are predicting industrial will be the star property type of 2014. But the sector apparently is not waiting for investors to bust out in “Auld Lang Syne” to begin its rampage.
A number of large portfolios have changed hands this year. Two notable deals this fall are Liberty Property Trust’s $1.5 billion acquisition of a 177-property portfolio from Cabot Industrial Value Fund III, and Brookfield Property Partners’ $1.1 billion acquisition of Industrial Developments International and its 75-property portfolio.
But there have been others, such as:
• The Blackstone Group bought 23 industrial pr