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Wall Street Giants Expand Investment in Industrial Outdoor Storage

CNBC · ·by G4L

BX Blackstone Inc
$120.19 +1.39%
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BN -1.61%
  1. 1Brookfield completed a $1.2 billion deal in May to privatize Peakstone Realty Trust earlier this year.
  2. 2Of the more than $1.1 billion total across six loans in Blackstone's real estate debt sector, $244 million is allocated to Alterra IOS.
  3. 3Industrial outdoor storage rents in eight major markets have approximately doubled between 2020 and the third quarter of this year.

So what's the key point?

Large companies like Brookfield and Blackstone have spent significant amounts of money on outdoor storage facilities. This means the value of these facilities has risen as rents have doubled.

Source CNBC · View original ↗

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