Blackstone to Acquire 6M SF Industrial Portfolio from Crow Holdings

Deal News | Apr 10, 2025 | Blackstone

Blackstone Real Estate announced its acquisition of a 95% interest in a 6 million square foot industrial property portfolio developed by Crow Holdings for $718 million. The portfolio, which consists of 25 Class A buildings, is located in prime submarkets in Dallas and Houston. Blackstone is buying these assets to leverage the scarcity of new logistics construction and the sector's strong performance. For Crow Holdings, the partnership with Blackstone is a testament to their high-quality property development, building on decades of excellence since their founding in 1948. With this deal set to finalize in 2025's second quarter, Blackstone furthers its commitment to logistics, adding to its existing vast real estate assets worldwide.

Sectors

Real Estate
Investment

Geography

United States – The transaction involves assets located in the U.S. markets, specifically in the Dallas and Houston regions, contributing to its relevance in the American logistics real estate sector.

Industry

Real Estate – The article focuses on the acquisition of a real estate portfolio, emphasizing the significance of logistics and industrial properties within the sector.
Investment – The transaction is a form of investment where Blackstone acquires interests in Crow Holdings' assets, reflecting investment strategies and capital deployment.

Financials

718 million USD – The acquisition cost for Blackstone in purchasing a 95% stake in the industrial portfolio from Crow Holdings.

Participants

Name	Role	Type	Description
Blackstone	Acquirer	Company	Blackstone is a leading global real estate investor with significant holdings in logistics and other sectors, facilitating large-scale asset acquisitions like this transaction.
Crow Holdings	Target Company	Company	A privately held real estate development and investment firm based in Dallas, Texas, known for its extensive portfolio, including logistics and industrial properties.