Blackstone to Buy Canada’s WPT Industrial REIT for $1.86 billion

By Blackwells Capital | August 9, 2021 | Comments Off on Blackstone 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.…

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Starwood Asks Monmouth Investors to Reject Deal With Zell

By Blackwells Capital | July 27, 2021 | Comments Off on Starwood 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…

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Tom Barrack Wore Many Hats. Now Indictment Hangs Over His Head

By Blackwells Capital | July 21, 2021 | Comments Off on 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.…

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No Grave Dancing for Sam Zell Now. He’s Paying Up for Hot Properties

By Blackwells Capital | June 1, 2021 | Comments Off on No 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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