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Quartz

Blackstone just became the biggest warehouse landlord in the world

Blackstone, the world’s largest private equity firm, invests in nearly everything in the global economy: biomedical research, digital payments, autonomous robots, power plants, motel chains, dating apps, and a slew of amusement parks including SeaWorld and Legoland. In 2019, Blackstone real estate head Ken Caplan said warehouses were the firm’s “highest conviction global investment theme” after Blackstone spent $18.7 billion to buy up 179 million square feet of warehouse space.

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