Le mie ricette per la real estate communityBlackstone
announced that it has closed on its previously announced acquisition of
U.S. logistics assets from three of GLP’s U.S. funds for a purchase
price of
$18.7 billion.
As previously announced, Blackstone Real Estate’s global opportunistic
BREP strategy is acquiring 115 million square feet for $13.4 billion and
its income-oriented non-listed REIT, Blackstone Real Estate Income
Trust (BREIT), is acquiring 64 million square
feet for $5.3 billion.
Blackstone
and GLP announced the transaction on June 2, 2019.
Citibank, Deutsche Bank Securities Inc., BofA Merrill Lynch, J.P.
Morgan, Goldman Sachs & Co. LLC, Barclays, Wells Fargo, Nuveen and
Prudential are providing financing for the acquisition. Simpson Thacher
& Bartlett served as legal counsel to Blackstone.
BofA Merrill Lynch, Barclays, Deutsche Bank Securities Inc., J.P. Morgan
and Morgan Stanley & Co. LLC served as financial advisors to
Blackstone. Citigroup Global Markets Inc., Eastdil Secured LLC and
Goldman Sachs & Co. LLC served as Blackstone’s financing
advisor.
About Blackstone Real Estate
Blackstone is a global leader in real estate investing. Blackstone’s
real estate business was founded in 1991 and has $154 billion of
investor capital under management. Blackstone is one of the largest
property owners in the world, owning and operating assets
across every major geography and sector, including logistics,
multifamily and single family housing, office, hospitality and retail.
Our opportunistic funds seek to acquire undermanaged, well-located
assets across the world. Blackstone’s Core+ strategy invests
in substantially stabilized real estate globally through regional
open-ended funds focused on high-quality assets, and Blackstone Real
Estate Income Trust, Inc. (BREIT), a non-listed REIT that invests in
U.S. income-generating assets. Blackstone Real Estate
also operates one of the leading global real estate debt businesses,
providing comprehensive financing solutions across the capital structure
and risk spectrum, including management of Blackstone Mortgage Trust
(NYSE: BXMT).
Source : Company