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Blackstone lines up refinancing for major Toronto industrial portfolio

Financing deal backed by 13 Greater Toronto Area warehouse buildings
Blackstone is refinancing 13 industrial facilities, including this warehouse at 95 Market Drive in Milton. (CoStar)
Blackstone is refinancing 13 industrial facilities, including this warehouse at 95 Market Drive in Milton. (CoStar)

Blackstone is refinancing a Toronto-area industrial portfolio with a roughly US$473 million (C$659 million) commercial mortgage-backed securities offering, putting a group of older and newer logistics assets to market as borrowing costs stay elevated.

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News | Blackstone lines up refinancing for major Toronto industrial portfolio