Blackstone & LBA Announce $1.6B Mostly Calif. & Seattle Industrial Portfolio Recapitalization

NEW YORK & IRVINE, Ca. – January 22, 2021 – Blackstone Real Estate Income Trust, Inc. (“BREIT”) and LBA Logistics (“LBA”) today announced the recapitalization of two industrial portfolios owned by LBA comprising $1.6 billion of gross value. BREIT acquired an approximately 60% combined interest across both portfolios, and LBA’s investment fund and its investors retained the balance. […]