Blackstone REIT and LBA Logistics recently partnered to recapitalize industrial properties. BREIT acquired a 60% stake in two industrial portfolios owned by LBA in a deal valued at $1.6 billion. The two portfolios totaled 71 properties and 9.5 million square feet. 

While the properties are located in predominantly last mile locations in West Coast markets, specifically in Seattle and California, which are two top performing industrial markets in the country, the same strong fundamentals can be said for other regions of the country as well.

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