$1.6B Industrial Recapitalization of Blackstone Real Estate Income Trust and LBA Logistics Announce

Blackstone Real Estate Income Trust, Inc. ("BREIT") and LBA Logistics ("LBA") today declared the recapitalization of two mechanical portfolios possessed by LBA involving $1.6 billion of gross worth. BREIT gained a roughly 60% consolidated revenue across the two portfolios, and LBA's venture asset and its financial specialists held the equilibrium.

The portfolios involve 71 top notch resources adding up to 9.5 million square feet and are around 95% involved. The resources are found dominatingly in last mile areas in West Coast markets with by far most in California and Seattle, which are two of the best performing mechanical business sectors in the country.

After shutting this exchange, over 90% of BREIT's land speculations will be in multifamily, modern, and net rented resources, with mechanical speaking to over 35% of BREIT's portfolio.

Eastdil Secured filled in as a guide to LBA Logistics.

Blackstone Real Estate Income Trust

Blackstone Real Estate Income Trust, Inc. (BREIT) is an unending life, institutional quality land venture stage that carries private land to pay centered financial specialists. BREIT puts resources into settled, pay producing U.S. business land across key property types and less significantly in land obligation speculations. BREIT is remotely overseen by an auxiliary of Blackstone (NYSE: BX), a worldwide pioneer in land contributing. Blackstone's land business was established in 1991 and has around $174 billion in financial specialist capital under administration.

About LBA Logistics

LBA Logistics (LBA) is a full-service real estate investment and management company with a diverse portfolio of industrial properties in major markets throughout the United States. LBA Logistics’ portfolio currently totals over 60 million square feet and consists of state-of-the-art, high-bay distribution space, light manufacturing and multi-tenant business parks. LBA owns assets in major port and airport adjacent locations including South and Northern California, Seattle, Dallas, Chicago, Atlanta, New York/New Jersey, and Florida as well as regional inland hubs and infill last-mile delivery locations. In addition, LBA Realty owns and operates a portfolio of office and mixed-use properties throughout the Western United States.