The deal expands Blackstone REIT’s portfolio to $7 billion in gross assets, including 33 million square feet of industrial space and 17,200 multifamily apartments.
Following is a list of 12 up-and-coming industrial markets, compiled using data from Colliers International, Transwestern, Cushman and Wakefield and the U.S. Census Bureau.
Since the summer of 2017, the REIT has almost exclusively been buying industrial and distribution assets in a bid to capitalize on demand driven by e-commerce.
HNW investors and family offices eager to capitalize on 21st century interest in properties serving the industry for legalized marijuana might want to “Go east.”
Trump said federal dollars should be leveraged by partnering with local and state governments. He also called on tapping into private sector investment.
The new building plan is for 5.1 million more sq. ft. A little more than half of it will be in a single complex with about the total square footage of the Empire State Building.
Democrats’ call for more funding comes in addition to the tax measure costing $1.5 trillion over 10 years, and Republican leaders say they don’t want a big spending bill.
