Blackstone’s Single-Family Rental Venture Could Go Public in Next Two Years

April 24, 2015 ·

Jonathan Gray, global head of real estate at private-equity firm The Blackstone Group, said he expects the company’s single-family rental platform will be in a position to go public within the next one to two years.

Speaking April 23 at the Real Estate Luminaries Series at Georgetown University’s Steers Center for Global Real Estate, Gray said Blackstone is in the process of “building something that will look like an apartment REIT.”

Mall REIT Founder and Industry Pioneer A. Alfred Taubman Dies at 91

April 20, 2015 ·

A. Alfred Taubman, the founder of Taubman Centers, Inc. (NYSE: TCO) who is widely credited with inventing the concept of the indoor shopping mall, died of a heart attack in his home in Bloomfield Hills, Mich., on April 18. He was 91.

Industrial REIT Prologis Buying KTR Capital for $5.9 Billion

April 20, 2015 ·

Prologis, Inc. (NYSE: PLD) said April 19 it has agreed to buy industrial property owner KTR Capital Partners through a joint venture for a total of $5.9 billion.

The properties will be acquired by Prologis U.S. Logistics Venture (USLV), a consolidated joint venture with Norges Bank Investment Management (NBIM), the manager of the Norwegian Government Pension Fund Global. Prologis holds a 55 percent stake in the joint venture.