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Pure Industrial’s sole California holding

NEW YORK–Earlier this year Blackstone Property Partners and Ivanhoé Cambridge made a $US 2 billion cash offer for Canadian REIT Pure Industrial Real Estate Trust, which owns industrial properties across North America. The deal has closed, with Blackstone Property Partners and Ivanhoé Cambridge owning, respectively, 62% and 38% of the trust.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.

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