Blackstone is reportedly close to a £1bn deal to sell logistics assets to Tritax Big Box REIT, just weeks after the two competed in a bidding war for Warehouse REIT. The agreement could see Blackstone take an equity stake in Tritax Big Box.
Alpine Income Property Trust, Inc. has acquired a three-property portfolio spanning Illinois, Virginia and Louisiana for $2.8 million, achieving a weighted average cash yield of 8.5%.
Flagship REIT has expanded its senior revolving credit facilities to $500 million, strengthening its capital structure and providing flexibility for future acquisitions and developments in the outpatient healthcare space.
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