Blackstone Group LP is buying a network of U.S. industrial warehouses from Singapore-based GLP for $18.7 billion, including debt, in the largest private real-estate transaction ever.
The deal, culminating an auction, could be announced as soon as Sunday, people familiar with the matter said. Blackstone outbid real-estate company Prologis Inc. for the roughly 180-million-square-foot portfolio, the people said.
Blackstone's 'Investment' means I and the other few hundreds of employees in the division they acquired will be jobless this year
Outstanding get em before BEZOS
$104 per sf. A little high for me.
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Seriously Tennis shoes, skinny jeans, no head or eye gear! Industrial Warehouse?
As the article says, $AMZN is their largest tenant. Great buy by Jonathan Gray and $BX.
Blackstone Investment Group? The folks who have been quietly buying experts in many an area and from firms like Vanguard? Hmm... they must be anticipating more brick and mortar closures and bigger Amazon profits. No doubt with a robot and three as acquired non complaining workers
You are going to run out of things to buy
all are black starting from stones, wells, moon , rocks and roths
Large network of data storage facilities could be jobs for many people with millions of people ARK-HIVEING.
Apparently Blackstone, a private equity firm that specializes in acquiring firms with high levels of rent-seeking capacity, is buying land-intensive warehouse/distribution channels. Maybe DividendReport and the other 'land ain't a big deal anymore' crowd would like to see.