Blackstone completed the acquisition of WPT Industrial REIT for $3.1bn.

The Blackstone Group completed the acquisition of WPT Industrial REIT, a Canadian real estate investment trust that invests in institutional-quality distribution and logistics properties in top tier industrial markets, for $3.1bn. “Logistics remains one of our highest conviction themes as the sector continues to benefit from strong tailwinds driven by e-commerce,” David Levine, Blackstone Senior Managing Director.