Blackstone Sells Nearly 14M SF of Industrial Properties for $3.1B

June 26, 2023 | Erika Morphy | Globest

Blackstone has signed a definitive agreement with Prologis to sell its nearly 14 million square feet of industrial properties from its affiliated opportunistic real estate funds for $3.1 billion. The acquisition price represents an approximately 4% cap rate in the first year and a 5.75% cap rate when adjusting to today’s market rents, according to the companies. Prologis is paying cash for the assets.

Recent

Cox Capital Partners Announces Mini-Tender Offer for Common Stock of Franklin BSP Capital Corporation

April 30, 2024

Cox Capital Partners, and its purchaser group, today announced that it recently commenced a Mini-Tender Offer on April 24, 2024 for outstanding common stock of Franklin BSP Capital Corporation.

Madison Capital Group Launches Madison Commercial

April 30, 2024

"The integration of Madison Commercial into Madison Capital Group Holdings underscores our commitment to leveraging collective strengths for optimal investment outcomes,” said Ryan Hanks, CEO of Madison Capital Group.

KKR to Acquire $1.64 Billion Student Housing Portfolio from BREIT

April 25, 2024

Upon closing of the transaction, the portfolio will be managed by University Partners, a leading owner and operator of student housing across the U.S.

Madison Capital Group Appoints Amanda Teeple as Managing Director to Spearhead Expansion in Retail Channel

April 24, 2024

Teeple's expertise in diligence, product development, sales, relationship management, compliance and managing broker-dealer operations make her role at Madison Capital Group pivotal in accelerating growth.

Most Popular

Blue Vault Performance Reports Update 10-23-2023

October 23, 2023

Blue Vault has published the following Interval Fund and Tender Offer Fund individual performance reports...

Blue Vault Q2 2023 Performance Reports Update

October 3, 2023

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…

Blue Vault Q2 2023 Performance Reports Update

September 25, 2023

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Don’t miss alts news
and educational events
Subscribe Now