Blackstone Refinances $3.68 Billion Industrial Portfolio Across 11 States

The industrial portfolio involved in the transaction spans across 11 states including Florida, North Carolina, Pennsylvania, Oregon, Georgia, California, Washington, Nebraska, Nevada, Maryland, and Washington, D.C. The properties within the portfolio are valued at $3.68 billion, with a refinanced loan amount of $2.35 billion secured by Blackstone from Barclays, Wells Fargo, Citi Bank, and Bank of Montreal.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $2,350,000,000
• Address: Industrial Portfolio
• Market: Florida, North Carolina, Pennsylvania, Oregon, Georgia, California, Washington, Nebraska, Nevada, Maryland & Washington, D.C
• Landlord: Stephen A. Schwarzman - Blackstone
• Loan Type: Refinance

Blackstone refinanced over 100 industrial properties with a $2.35 billion debt package, marking an increase from a $1.78 billion loan secured in 2019 to refinance the portfolio. The refinancing deal was facilitated by several banks including Barclays, Wells Fargo, Citi Bank, and Bank of Montreal, contributing to the significant debt package secured for the industrial properties spread across 11 states.