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Blackstone Acquires Logistics Assets for $18.7B from GLP in Record Deal

GLP is selling assets from three of its US funds and operations to Blackstone in the largest ever private real estate transaction globally.

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Blackstone headquarters in Midtown Manhattan.

NEW YORK CITY—Blackstone is doubling its existing US industrial footprint, acquiring assets from three of GLP’s US funds for $18.7 billion. The transaction totals 179 million square feet of urban, infill logistics assets.

Betsy Kim

Betsy Kim is the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.

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