[New post] Blackstone Non-Traded REIT Pays $3.2Bln for Owner of U.S. Industrial Properties

Dan Moynihan posted: "Blackstone Real Estate Income Trust Inc. has paid $3.2 billion for WPT Industrial Real Estate Investment Trust, a Canadian REIT that owns a portfolio of 112 industrial properties with 38 million square feet scattered among 19 states. The non-traded REI" New post on Commercial Real Estate Direct Blackstone Non-Traded REIT Pays $3.2Bln for Owner of U.S. Industrial Properties by Dan Moynihan Blackstone Real Estate Income Trust Inc. has paid $3.2 billion for WPT Industrial Real Estate Investment Trust, a Canadian REIT that owns a portfolio of 112 industrial properties with 38 million square feet scattered among 19 states. The non-traded REIT paid $22 in cash for every outstanding WPT Industrial share and assumed the company's $1.2 […] Read more of this post Dan Moynihan | December 1, 2021 at 1:06 pm | Categories: General News | URL: https://wp.me/pcdE10-2jFI Unsubscribe to no longer receive posts from Commercial Real Estate Direct. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://crenews.com/2021/12/01/blackstone-non-traded-reit-pays-3-2bln-for-owner-of-u-s-industrial-properties/