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Blackstone Completes Acquisition of Toronto’s Tricon Residential

Blackstone Completes Acquisition of Toronto’s Tricon Residential

by Phil Hall | May 1, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Blackstone (NYSE: BX) and Tricon Residential Inc. (NYSE: TCN, TSX: TCN) have completed their previously announced plan in which Blackstone Real Estate Partners X and Blackstone Real Estate Income Trust Inc. acquired all the outstanding common shares of Tricon for...
Blackstone Seeks Buyer for Motel 6 Lodging Chain

Blackstone Seeks Buyer for Motel 6 Lodging Chain

by Phil Hall | Apr 17, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The real estate division of Blackstone (NYSE:BX) is reportedly seeking a buyer for the holding company of the discount lodging chain Motel 6. Blackstone acquired the brand in 2012 for $1.9 billion from the French company Accor SA and established G6 Hospitality as its...
A Strong Q1 for the CMBS Market

A Strong Q1 for the CMBS Market

by Phil Hall | Apr 11, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The market for private-label commercial mortgage-backed securities (CMBS) recorded 23 conduit and single-borrower transactions with a total balance of $17.85 billion during the first quarter, according to new data from Trepp Inc. This marked a 39% increase from the...
Blackstone Acquires AIR Communities for $10 Billion

Blackstone Acquires AIR Communities for $10 Billion

by Phil Hall | Apr 8, 2024 | News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Blackstone (NYSE: BX) and Apartment Income REIT Corp. (AIR Communities) (NYSE: AIRC), announced that Blackstone Real Estate Partners X will acquire all outstanding common shares of AIR Communities for $39.12 per share in an all-cash transaction valued at approximately...
Blackstone Sells Southern California Industrial Property Portfolio for $1 Billion

Blackstone Sells Southern California Industrial Property Portfolio for $1 Billion

by Phil Hall | Mar 29, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Rexford Industrial Realty Inc. (NYSE: REXR), a real estate investment trust focused on industrial properties in Southern California, has acquired approximately 3 million square feet of industrial properties from Blackstone (NYSE: BX) for $1 billion. The combined...
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