Prologis is in advanced talks to acquire a $4 billion warehouse portfolio, a month after getting outbid by Blackstone in a far larger industrial deal. Investors are increasingly drawn to warehouse properties, which attract major e-commerce firms, and are typically shielded from drastic market swings. In the fourth quarter of 2018, warehouse vacancy rates were at 7 percent, the lowest point since 2000, during the dot-com boom. This portfolio, Industrial Property Trust, spans 37.6 million […]
source https://therealdeal.com/national/2019/07/15/prologis-in-talks-for-giant-warehouse-portfolio-after-blackstones-monster-deal/#new_tab
No comments:
Post a Comment