Contest Trader

Don't miss the chance to cash-in prizes totaling

$10.000
Register here for the Ultimate demo trading competition

Blackstone to pay $1.2 billion for Simply Self Storage

Blackstone to pay $1.2 billion for Simply Self Storage

Blackstone to close a deal with Brookfield Asset Management

The Blackstone Group Inc – the largest alternative investment management firm in the world is looking to expand its horizons.

Rumor has it that the American firm has struck a deal with Brookfield Asset Management to purchase Simply Self Storage. According to the agreement, the first will pay $1.2 billion for a portfolio, which includes eight million-square-foot of self-storage facilities.

Experts believe this is a move made to put Blackstone on the map of firms that run storage facilities. Blackstone stated that it’s looking to acquire even more smaller assets in this industry and run them under the Simply brand.

Blackstone is placing its bets on a sector that showed strength even during the pandemic. Storage facilities are inviting for investors because they need little capital expenditures, and their rents can be lowered or raised, depending on the market.

The deal will be formally announced later today, October 26.

The Blackstone Group stock price ended the week down 0.24%. Brookfield stock price is set to open 0.41% lower.

Read about the latest deals on CAPEX.com!

Sources: foxbusiness.com, reuters.com

Maklumat yang disediakan oleh za.capex.com bukan berbentuk tawaran atau permintaan untuk tujuan pembelian atau penjualan apa-apa produk kewangan yang disebutkan di sini atau melibatkan perundngan, atau nasihat mahupun cadangan berkenaan dengan kewangan produk tersebut.

Maklumat ini disediakan untuk edaran umum. Ia tidak mengambil kira objektif pelaburan tertentu, keadaan kewangan atau keperluan tertentu dari mana-mana penerima.

Anda harus bebas menilai setiap produk kewangan dan mempertimbangkan kesesuaian produk kewangan sedemikian, dengan mengambil kira objektif pelaburan tertentu anda, keadaan kewangan atau keperluan khusus, dan berunding dengan penasihat kewangan bebas, sebelum berurusan dalam produk kewangan yang disebutkan dalam dokumen ini.

Maklumat ini tidak boleh diterbitkan, diedar semula, diterbitkan semula atau diedarkan secara keseluruhan atau sebahagian kepada mana-mana individu lain tanpa kebenaran bertulis daripada Syarikat terlebih dahulu.

Prestasi lalu tidak sentiasa menggambarkan prestasi atau kemungkinan masa depan. Sebarang pandangan atau pendapat yang dikemukakan hanyalah pandangan penulis semata-mata dan tidak mewakili za.capex.com