Blackstone To Acquire Gramercy Property Trust for $7.6 Billion

Gramercy Property Trust’s Logistics Center at DFW International Airport Continuing to view logistics as among the strongest sectors of commercial real estate, an affiliate of Blackstone Group agreed to acquire Gramercy Property Trust this morning for $ 7.6 billion. The affiliate, Blackstone Real Estate Partners VIII, will acquire all outstanding common shares of Gramercy for $ 27.50 per share in cash. As of year-end 2017, Gramercy owned a portfolio…
National Commercial Real Estate News From CoStar Group

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