Brief: Prologis To Acquire 14MSF Blackstone Industrial Portfolio In $3.1 Billion Deal

Blackstone Mortgage Trust

26/06/2023 13:25

June 26 (Reuters) - Blackstone Inc  BX.N :
    * PROLOGIS TO ACQUIRE 14MSF BLACKSTONE INDUSTRIAL PORTFOLIO
IN
$3.1 BILLION DEAL
    * PROLOGIS INC: ACQUISITION PRICE REPRESENTS AN
APPROXIMATELY 4%
CAP RATE IN FIRST YEAR AND A 5.75% CAP RATE WHEN ADJUSTING TO
TODAY'S MARKET RENTS
    * PROLOGIS INC: TRANSACTION IS CURRENTLY EXPECTED TO CLOSE
BY END
OF Q2
    * PROLOGIS INC - PROPOSED DEAL FUNDED BY CASH

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