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Blackstone to Buy WPT Industrial in $3.1 Billion Deal
Blackstone Real Estate Investment Trust Inc. is acquiring WPT Industrial Real Estate Investment Trust in a cash deal valued at $3.1 billion, including debt. BREIT, a non-public real estate investment trust, is paying $22 per unit for Toronto-based WPT, a 17% premium over the closing price on Aug. 6, according to a statement on Monday. READ MORE>>
Read MoreBlackstone to Buy Canada’s WPT Industrial REIT for $1.86 billion
(Reuters) -Blackstone has agreed to buy WPT Industrial Real Estate Investment Trust for about $1.86 billion, as it looks to capitalize on the e-commerce-driven boom in demand for logistics properties. The deal announced on Monday values Canada-based WPT Industrial, the owner of more than 100 logistics properties across 19 U.S. states, at $22 per unit.…
Read MoreU.S. Private Equity Giant Blackstone to Buy Canada’s WPT Industrial REIT for US$3.1-billion
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Read MoreStarwood, Blackwells Target Monmouth’s Auction Process
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Read MoreEQC, Blackwells Tried to Settle Over Monmouth Deal
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Read MoreBlackwells Moves to Block Monmouth-Equity Commonwealth Deal
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Read MoreStarwood Asks Monmouth Investors to Reject Deal With Zell
Starwood Capital Group plans to solicit votes against Monmouth Real Estate Investment Corp.’s deal to sell itself to Sam Zell’s Equity Commonwealth, ratcheting up the fight for the industrial property company. Starwood, led by Barry Sternlicht, argued its competing proposal to acquire the company provides Monmouth shareholders with greater value and certainty than the Equity…
Read MoreTom Barrack Wore Many Hats. Now Indictment Hangs Over His Head
Tom Barrack Wore Many Hats. Now Indictment Hangs Over His Head
Leading up to and during the presidency of Donald Trump, Tom Barrack, founder of investment firm Colony Capital Inc., sold Trump to skeptical Wall Street titans, lauded him at the Republican National Convention, helped lead his transition team, and raised $107 million as chairman of the inaugural committee that organized the celebrations marking Trump’s ascendance.…
Read MoreNo Grave Dancing for Sam Zell Now. He’s Paying Up for Hot Properties
Sam Zell, who made a fortune buying distressed commercial properties, isn’t finding many bargains these days. Instead, the storied real-estate investor is doing something he usually avoids: following the pack and spending big on something safer. His most notable real estate deal during the coronavirus pandemic period came last month, when one of his companies…
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