Blackstone Lends $851M to Refinance CBRE Investment Management's US Industrial Portfolio

CBRE Investment Management, the independently operated investment arm of global brokerage CBRE, secured $850.5 million to refinance a 17-asset portfolio of Class A industrial facilities spread across nine major U.S. logistics markets. Blackstone provided the loan, which refinances existing debt and generates a partial return of equity to investors. The portfolio totals approximately 9.1 million square feet and is 98% leased. CBRE's own debt and structured finance team arranged the financing. - CBRE Investment Management: Manages $148+ billion in AUM globally; its U.S. industrial fund assembled and operates the 17-property portfolio across prime logistics corridors. - Blackstone: World's largest alternative asset manager with a major industrial real estate platform (including Link Logistics); providing the loan to a top-tier institutional borrower. $850.5 million single-lender refinancing from Blackstone, replacing existing debt and returning partial equity to CBRE IM's investors. Arranged by CBRE's debt & structured finance team.