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Blackstone Set for $1 Billion Industrial Portfolio Refinancing

Citi Real Estate Is Leading Funding of 109-Property Portfolio
Ralphs Grocery’s distribution center in Compton, California, is one of the properties backing Blackstone’s new refinancing deal. (CoStar)
Ralphs Grocery’s distribution center in Compton, California, is one of the properties backing Blackstone’s new refinancing deal. (CoStar)
CoStar News
December 8, 2023 | 2:52 P.M.

A pack of lenders led by Citi Real Estate Funding is set to co-originate a $1 billion loan to Blackstone this week to refinance a portfolio of more than 100 industrial properties.

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