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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.

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Betsy Kim

Betsy Kim was 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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