The REIT is reportedly preparing to sell a $1B collateralized loan obligation primarily backed by hospitality, apartment and industrial buildings.
Blackstone's €2B acquisition is one of the largest in Europe in the last five years.
Despite increasing their offer to £470M, Blackstone and Sixth Street have had their fourth bid for Warehouse REIT rejected.
Blackstone deployed $6.2B into new CRE investments in the second quarter, less than the $7.2B it raised for the asset class over the same period.
Blackstone spent £1B on UK industrial last year.
Blackstone buys an apartment complex and sells an office property in Hialeah.
Dynamic Star and Namdar Realty Group are allegedly in default on a $55M loan.
Blackstone's President Jon Gray and CEO Stephen Schwarzman said sales and development activity is likely to dip in commercial real estate because of tariffs.
Norges Bank Investment Management is investing the cash into the Blackstone Americas Logistics fund and will go into U.S. and Canadian assets.
Investors have bought bonds secured against £1.3B of UK assets.
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