Blackstone to buy Colony Capital's U.S. logistic assets for $5.9 bln
Blackstone Group is buying Colony Industrial, the industrial real estate assets and affiliated industrial operating platform of Colony Capital, for $5.9 billion. Colony Industrial comprises 60 million square feet of infill, logistics assets across 465 light industrial buildings in 26 U.S. markets, with significant concentration in Dallas, Atlanta, Florida, northern New Jersey, and California. The aggregate net sales proceeds to Colony are expected to be in excess of $1.2 billion.
30 September 2019•6 mins read
