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Blackstone Seen Exiting Alberta Market

Exclusive: Private Equity Firm's Canadian Arm PIRET Sells in $588 Industrial Deal
Summit Industrial Income REIT is acquiring 37 properties from Pure Industrial Real Estate Trust in a $588 million deal. (CoStar)
Summit Industrial Income REIT is acquiring 37 properties from Pure Industrial Real Estate Trust in a $588 million deal. (CoStar)
CoStar News
October 10, 2019 | 11:32 P.M.

Blackstone Group, almost two years after announcing a major move into the Canadian industrial market, is paring back that investment by agreeing to sell a $588 million portfolio in Alberta in one of the largest industrial deals in Canadian history.

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