"Blackstone Bets $7.6 Billion More on the Amazon Revolution" by Acquiring Gramercy Property Trust
https://www.bloomberg.com/news/articles/2018-05-0…
Definitely a signal of confidence in the runway for industrial real estate, as online retail sales continue to make up a greater slice of total retail volume. Seems to be a lot of M&A in the air in the industrial RE sector. Any thoughts on if this will affect individual property values or the greater industrial market?
I know we're not supposed to talk bad about anyone in the industry, but the CIO at Gramercy is an insufferable douche. I shared a table with him at a networking mixer and he was cutting everyone off and telling super douchey stories.
That being said the guy is going to cash out. Took in just under $3M in stock compensation over the past two years. http://insiders.morningstar.com/trading/executive-compensation.action?t…
I'd let him pork my rear for a cut of that cheese.