Blackstone Funds Warehouse REIT Buyout With CMBS Debt Deal

Blackstone Inc. has completed a debt deal tied to a string of British warehouses to fund its recent buyout of Warehouse REIT Plc, according to a person familiar with the matter.

The US private equity behemoth priced a £443 million ($594 million) commercial-mortgage backed securitization (CMBS) linked to the UK logistics portfolio of the real estate investment trust, said the person, asking not to be named. Blackstone took the firm private in September.