"The biggest change is certainly that players are coming in and building larger, more retail-focused properties," says Colby Moore, director of the national net-lease and sale-leaseback group at commercial real estate...
The resulting entity will be an internally-managed, non-traded grocery-anchored shopping center REIT with an expected total enterprise value of $4 billion.
If the new fund comes to fruition, Blackstone expects to invest in infrastructure projects valued at more than $100 billion, principally through the equity in this vehicle and additional debt financing in U.S. projects.