{"id":142711,"date":"2021-06-07T13:29:11","date_gmt":"2021-06-07T17:29:11","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&#038;p=142711"},"modified":"2021-06-07T13:29:11","modified_gmt":"2021-06-07T17:29:11","slug":"prologis-to-sell-us-industrial-building-portfolio-to-black-creek-industrial-reit-iv","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/prologis-to-sell-us-industrial-building-portfolio-to-black-creek-industrial-reit-iv\/","title":{"rendered":"Prologis to Sell US Industrial Building Portfolio to Black Creek Industrial REIT IV"},"content":{"rendered":"<h1>Prologis to Sell US Industrial Building Portfolio to Black Creek Industrial REIT IV<\/h1>\n<p>June 6, 2021 | S&amp;P Global Market Intelligence<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-31710 alignleft\" src=\"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2020\/05\/BlackCreek_logo-300x103.png\" alt=\"\" width=\"300\" height=\"103\" srcset=\"https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2020\/05\/BlackCreek_logo-300x103.png 300w, https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2020\/05\/BlackCreek_logo-600x207.png 600w, https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2020\/05\/BlackCreek_logo-604x210.png 604w, https:\/\/qa.bluevaultpartners.com\/wp-content\/uploads\/2020\/05\/BlackCreek_logo.png 610w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/>Affiliates of industrial real estate investment trust\u00a0Prologis Inc.\u00a0agreed to sell\u00a0the entire fee interest in 48 industrial buildings across 13 U.S. markets for $920.0 million, subject to customary prorations.<\/p>\n<p>An indirect, wholly owned subsidiary of\u00a0Black Creek Industrial REIT IV Inc.\u00a0will acquire the portfolio, which totals approximately 8.3 million square feet and is 96.4% occupied with a weighted average remaining lease term of about 3.4 years.<\/p>\n<p>Black Creek will finance the deal through proceeds from its public offering and funds from its existing credit facility.<\/p>\n<p>Closing is expected to take place July 14.<\/p>\n<p>&nbsp;<\/p>\n<div style=\"clear:both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Affiliates of industrial real estate investment trust Prologis Inc. agreed to sell the entire fee interest in 48 industrial buildings across&#8230;<\/p>\n","protected":false},"author":2691,"featured_media":38823,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3010,2709,2814],"tags":[],"class_list":["post-142711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asset-manager-news","category-black-creek-group","category-industrial"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - 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