Blackstone Group agreed to acquire the industrial real estate assets and affiliated industrial operating platform from Colony Capital, a leading global investment management firm with assets under management of $55bn, for $5.9bn. “This acquisition of high quality warehouses demonstrates our continued strong conviction in logistics and positive e-commerce trends. As retailers continue to shorten delivery times and expand their last mile footprints, we believe warehouses in dense population centers will continue to experience outsized demand growth.” Nadeem Meghji, Head of Real Estate Americas at Blackstone.