"Blackstone Bets $7.6 Billion More on the Amazon Revolution" by Acquiring Gramercy Property Trust

LReed's picture
Rank: Almost Human | banana points 6,117

https://www.bloomberg.com/news/articles/2018-05-07...
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?

Comments (5)

Best Response
May 7, 2018

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-...
I'd let him pork my rear for a cut of that cheese.

    • 4
May 7, 2018

duplicate

May 7, 2018
Tourettes God:

I'd let him pork my rear for a cut of that cheese.

He would probably be too selfish to give you a reach-around.

May 8, 2018

Would be curious to hear what'll end up happening with the team at Gramercy. When Blackstone acquires a REIT, they're obviously doing it to gain the assets. Will they get axed?

May 8, 2018
Comment