Connect with us

Hi, what are you looking for?

Jewish Business News

Real Estate

Stephen Schwarzman’s Blackstone Looking to Raise $1 Billion from Real Estate IPO

The Endometriosis Foundation Of America Celebrates The 5th Annual Blossom Ball - Arrivals

Stephen A. Schwarzman’s investment firm Blackstone Group LP has announced plans to launch an IPO for its industrial properties subsidiary, IndCor Properties Inc. It hopes to bring in $1 billion from it.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

Blackstone expects the IPO to leave IndCor with a total valuation of $8 billion. It expects to hold it by the end of the year.

IndCor Properties Inc. was formed by Blackstone in 2010. Headquartered in Chicago, it currently owns and manages over 118 million square feet of space in factories and industrial complexes located in 29 key logistics markets in 24 states. It is a private equity firm currently working with Citigroup, Barclays and Wells Fargo on the IPO.

In June the company increased its presence in Texas to a total of 17.5 million square feet. It did so by adding a with a 1.1 million square foot portfolio of industrial properties in El Paso.

Blackstone has taken several of its subsidiaries public in recent years, including Hilton Worldwide Holdings Inc. and shopping-center owner Brixmor Property Group Inc.

Just a few days ago Blackstone acquired a Texas coal based power plant for $126 million in a bankruptcy auction.

The firm can probably use some of the $1 billion to help pay off its share of a $325 million settlement that it agreed to last week. Together with KKR and TPG, Blackstone settled a lawsuit that had accused the three firms of collusion in the fixing of prices in major leveraged buy outs.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.