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Blackstone Real Estate to Acquire 6M SF Industrial Portfolio Developed by Crow Holdings for $718M

1. Blackstone acquires 95% of Crow Holdings' industrial portfolio for $718 million.

M&A
-7.3%Current Return
VS
-2.6%S&P 500
$137.3604/10 08:50 AM EDTEvent Start
$127.33504/11 03:09 PM EDTLatest Updated
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FAQ

Why Bullish?

This acquisition aligns with BX's growth strategy in industrial real estate, historically boosting investor confidence and stock value. Past acquisitions similar to this have led to increased returns for BX shareholders, reflecting a strong performance trajectory.

How important is it?

The acquisition is significant for BX's strategic growth and diversification in industrial real estate, likely impacting short to medium-term revenue positively.

Why Long Term?

The acquisition enhances BX's real estate holdings, expected to yield returns over multiple years, similar to previous acquisitions that positioned BX favorably in the market for the long term.

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CROW
NEW YORK & DALLAS--(BUSINESS WIRE)--Blackstone (NYSE: BX) and Crow Holdings, a leading real estate investment and development firm, today announced that Core+ funds affiliated with Blackstone Real Estate have agreed to acquire a 95 percent stake in an industrial portfolio developed by Crow Holdings for $718 million. Crow Holdings and its partners will retain 5 percent ownership. The portfolio consists of 25 Class A buildings totaling 6 million square feet and is predominantly located in high-ba.

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