Blackstone Real Estate Income Trust has acquired the Canyon Industrial Portfolio for $1.8 billion. the 22 million-square-foot portfolio is made up of 146 last-mile infill warehouses and distribution buildings with concentrations in Chicago, Dallas, Baltimore, Washington D.C., Los Angeles and Florida. Tenants include the the likes of Amazon, FedEx, DHL, Coca-Cola and the U.S. Government.
The acquisition was was possible through a $1.1 billion mortgage secured by the portfolio, a $200 million mezzanine loan and available cash.
To read the full original article, please click here.
.FdQ91ncMBp.jpg?crop=focalpoint&fit=crop&fp-x=0.5&fp-y=0.5&h=135&w=240&auto=format%2Ccompress&q=70)
