It could be good news for the tight industrial property market. Real estate investment firm Black Creek Group is considering selling an industrial property REIT that could fetch up to $3.5 billion, including debt. Industrial Property Trust is an untraded REIT with 240 properties, with a total of around 37.6 million square feet, according to Bloomberg. The properties – 96 percent of which are leased – are a mix of bulk warehouse use and “last […]
source https://therealdeal.com/2019/02/22/black-creek-considers-selling-warehouse-reit-worth-3-5b/
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