Blackstone Calls Logistics Its ‘Highest Conviction’ Real Estate Idea After Striking $18.7 Billion GLP Deal – Forbes

Blackstone Calls Logistics Its ‘Highest Conviction’ Real Estate Idea After Striking .7 Billion GLP Deal  Forbes

At Blackstone Group, the world’s largest private equity firm, with 2 billion in assets under management, few properties or companies are out of reach. So when the firm strikes a record-setting deal and anoints the sector as a top firm-wide idea, it’s worth listening to. In real estate, Blackstone is doing just that when it comes to logistics space—the warehouses where the orders of Amazon and other e-commerce giants are delivered in bulk, sorted and sent out to customers. On Sunday evening, the firm disclosed an .7 billion deal for the U.S. logistics assets of Singapore’s GLP, inking …

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