AIG to sell life and retirement unit stake to Blackstone for $2 2 billion netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
Share this article
Share this article
MIAMI, March 1, 2021 /PRNewswire/ Starwood Capital Group ( Starwood Capital ), a global private investment firm focused on real estate and energy investments, today announced it has originated a £1.8bn Term Loan as Mandated Lead Arrangers to Blackstone Capital Partners ( BCP ) and Blackstone Real Estate Partners ( BREP ) for the acquisition of Bourne Leisure, a premier UK holiday company.
Starwood Capital will hold £720m split evenly between two of its investment vehicles, Starwood Real Estate Income Trust, Inc. ( SREIT ), a non-traded REIT managed by Starwood REIT Advisors, L.L.C., a subsidiary of Starwood Capital, and Starwood Property Trust, Inc. (NYSE: STWD).
Posted on 3948
Blackstone Real Estate Income Trust, Inc. and LBA Logistics have announced the recapitalization of two industrial portfolios that are owned by LBA that comprise of USD 1.6 Billion of gross value. BREIT has acquired 60% combined interest across both portfolios as LBA’s investment fund and investors have retained the balance. The portfolios harbor a total of 71 high quality assets that sum up to 9.5 million square feet and are 95% occupied. Majority of the assets are located in last mile locations within West Coast markets with most of them in Seattle and California.
Brian Kim, Head of Acquisitions & Capital Markets for BREIT, said, “This transaction represents a compelling opportunity to acquire high-quality last mile industrial assets on behalf of our BREIT investors. Logistics is one of our highest conviction investment themes globally, and this acquisition illustrates BREIT’s continued mom
Blackstone Real Estate Income Trust Completes Acquisition of Simply Self Storage for Approximately $1 2 Billion – IT Business Net itbusinessnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from itbusinessnet.com Daily Mail and Mail on Sunday newspapers.