Blackstone Real Estate Sells Industrial Assets to Rexford for $1 Billion Aggregate Purchase Price
04.02.24
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Simpson Thacher represented Blackstone in connection with its sale of 3 million square feet of industrial properties to Rexford Industrial Realty, Inc. pursuant to three separate transactions with Blackstone Real Estate, including the Blackstone Property Partners strategy as well as Blackstone Real Estate Partners and Blackstone Real Estate Income Trust, for an aggregate purchase price of $1.0 billion. The combined portfolio includes 48 properties located in Southern California.
The Simpson Thacher team includes Sas Mehrara, Sam Rudik, Austin Hart, Justin Mathew, Roman Hofmann, Helene Marie Snyder and Spencer Goodson (Real Estate); and Nancy Mehlman, Jasmine Hay and Michael Stephenson (Tax).