Blackstone's record $18.7 billion portfolio acquisition illustrates just how quickly the industrial real estate market has grown in four years: The New York private equity giant sold almost three-quarters of the portfolio's 1,336 properties in 2015 for less than half of what it plans to pay to buy them back now as part of the deal.
Blackstone Deal Brings Familiar Properties Back to Portfolio, Marking Bet on More Industrial Demand
Nearly 1,000 Properties Are Those Blackstone Sold in 2015
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- Properties
- County Line Business Center
3701 Flamingo Rd, Miramar, FL