In a strategic play underscoring its dominance in global real estate, Blackstone (NYSE: BX) has inked a deal to acquire a 95% stake in a premier industrial portfolio from Crow Holdings—a respected name in real estate investment and development—for a staggering $718 million.

This high-profile acquisition includes 25 Class A industrial buildings spanning 6 million square feet, with properties strategically concentrated in the booming Dallas and Houston logistics corridors. Crow Holdings and its partners will retain a 5% stake in the portfolio, maintaining a foothold in what both parties consider an exceptionally promising segment of commercial real estate.

According to David Levine, Co-Head of Americas Acquisitions for Blackstone Real Estate, the move is a calculated step amid economic uncertainty:

“This acquisition reflects our high conviction in logistics real estate, even in times of market volatility. With new construction starts plummeting since their 2022 peak, this is the right moment to double down on high-quality, income-generating assets.”

This latest addition bolsters Blackstone’s already commanding logistics footprint. The firm currently holds over $90 billion in warehouse assets across North America, a cornerstone of its diversified $315 billion commercial real estate empire—which spans logistics, residential, office, data centers, and hospitality.

Meanwhile, Michael Levy, CEO of Crow Holdings, emphasized the firm’s longstanding legacy in logistics and pride in the portfolio’s development:

“We’re extremely proud of the quality of the assets in this portfolio. Our roots in the Dallas logistics market go back to 1948, when our founder built the company’s first warehouse. Partnering with Blackstone is the next chapter in that legacy.”

This blockbuster deal is expected to close in Q2 2025, and highlights the continued strength of logistics real estate—considered one of the Best Places to Invest in Real Estate within the current global investment landscape.

According to analysts at InvestingPro, Blackstone’s stock is still seen as undervalued, with bullish price targets ranging from $128 to $222 per share. The firm’s 64.8% revenue growth, coupled with a 4.2% dividend yield, further reinforces investor confidence. The company’s dry powder—capital ready to deploy—is estimated at $170 billion, enabling rapid movement in high-yield sectors.

In a broader display of its financial firepower, Blackstone recently raised €9.8 billion ($10.8 billion) for its latest European real estate fund, the largest pool of external capital ever assembled for a property fund in the region. This comes as the global real estate market undergoes a pricing correction, creating an opening for opportunistic investments aligned with Global Real Estate Trends.

Further expanding its investment reach, Blackstone’s infrastructure head Sean Klimczak recently spotlighted robust growth in the Asia-Pacific data center market, fueled by rising demand for digital infrastructure and AI-powered data centers. The firm’s expansion into this space reflects a diversified strategy across sectors, geographies, and asset classes.

Additionally, Blackstone has been linked to a potential minor stake in TikTok’s U.S. operations, as parent company ByteDance faces mounting pressure to divest its U.S. assets. The move, still in discussion, signals Blackstone’s interest in high-impact digital platforms, especially where regulatory and geopolitical dynamics present investment opportunities.

Key Takeaways:

• Blackstone acquires 95% of Crow Holdings’ $718M industrial portfolio, encompassing 25 Class A properties in Dallas and Houston, with Crow retaining 5%.

• The acquisition cements Blackstone’s logistics leadership, with $90B+ in warehouse assets across North America.

• Blackstone’s commercial real estate portfolio reaches $315B, making it the world’s largest in the sector.

• Investment aligns with broader Global Real Estate Trends, positioning logistics as one of the Best Places to Invest in Real Estate.

• Analysts note Blackstone is currently undervalued, with strong revenue growth, attractive dividend yield, and massive $170B dry powder.

• Recent expansion includes €9.8B European real estate fund and growing presence in Asia-Pacific data centers.

• Blackstone’s agility in navigating multiple sectors reaffirms its influence in Real Estate News in Nigeria and across global markets.

As Blackstone continues to strike strategic deals across continents, the message is clear: real estate—especially logistics—is not just resilient, it’s the foundation of tomorrow’s investment frontier.