Blackstone REIT completed the acquisition of a 60% stake in two industrial portfolios of LBA Logistics.

Blackstone Real Estate Income Trust completed the acquisition of a 60% stake in two industrial portfolios of LBA Logistics, a full-service real estate investment and management company. Financial terms were not disclosed. “This transaction represents a compelling opportunity to acquire high-quality last mile industrial assets on behalf of our BREIT investors. Logistics is one of our highest conviction investment themes globally, and this acquisition illustrates BREIT’s continued momentum executing on exciting opportunities with significant growth potential. LBA Logistics is a best-in-class operator in the logistics sector, and we look forward to expanding our partnership with them," Brian Kim, BREIT Head of Acquisitions & Capital Markets.