Blackstone’s $1.6 Billion Acquisition of Interest in Industrial Portfolios From LBA Logistics


Simpson Thacher represented affiliates of Blackstone Real Estate Income Trust, Inc. in the transaction.

Blackstone Real Estate Income Trust, Inc. executed the acquisition of an approximately 60% combined interest across two portfolios comprising $1.6 billion of gross value from an affiliate of LBA Logistics. The portfolios comprise 71 industrial facilities totaling 9.5 million square feet.

Blackstone Real Estate is one of the largest buyers, owners and sellers of real estate in the world with $120 billion of investor capital under management.

LBA Logistics is a full service industrial real estate investment and management company with a diverse portfolio located in the major industrial markets throughout the country.

The Simpson Thacher team included Sas Mehrara (Picture), Whitney Salinas, Danielle Jackson, Justin Vilinsky, Ari Goldman, Amy Oster, Maggie Finnegan, Matthew Freeze, Wendell Ramsey, Taylor Hatch and Avi Kaye (Real Estate); Nancy Mehlman and Edward Grais (Tax); and Jeanne M. Annarumma (ECEB).

Involved fees earner: Jeanne Annarumma – Simpson Thacher & Bartlett; Margaret Finnegan – Simpson Thacher & Bartlett; Matthew Freeze – Simpson Thacher & Bartlett; Aryeh Goldman – Simpson Thacher & Bartlett; Edward Grais – Simpson Thacher & Bartlett; Taylor Hatch – Simpson Thacher & Bartlett; Danielle Jackson – Simpson Thacher & Bartlett; Avraham Kaye – Simpson Thacher & Bartlett; Nancy Mehlman – Simpson Thacher & Bartlett; Sasan Mehrara – Simpson Thacher & Bartlett; Amy Oster – Simpson Thacher & Bartlett; Wendell Ramsey – Simpson Thacher & Bartlett; Whitney Salinas – Simpson Thacher & Bartlett; Justin Vilinsky – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Blackstone Real Estate Income Trust, Inc.;

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Author: Ambrogio Visconti