Prologis to buy industrial portfolio from Blackstone for $3.1bn

Prologis to buy industrial portfolio from Blackstone for 3.1bn in cash min

Prologis to buy industrial portfolio from Blackstone for 3.1bn in cash-min Prologis has agreed to acquire nearly 14 million square feet of industrial properties from opportunistic real estate funds affiliated with Blackstone for $3.1 billion in cash. ProLogis said the acquisition price represents an approximately 4% cap rate in … Click here to view original …