Blackstone to acquire a 95% stake in 6M SF industrial portfolio of Crow Holdings for $718m.

Blackstone agreed to acquire a 95% stake in 6M SF industrial portfolio of Crow Holdings, a US-based real estate investment and development firm, for $718m. “We are excited about the opportunity to partner with Blackstone in this investment portfolio. Our company was founded by Trammell Crow when he built his first warehouse in Dallas in 1948 – a building that we still own today. We are extremely proud of our team for developing such a high-quality portfolio that attracted Blackstone, a global leader in the logistics industry, and we look forward to the partnership’s possibilities," Michael Levy, Crow Holdings CEO.