Slowing Inflation Primes G-7 Central Banks for June
Inflation-related releases across the Group of Seven will prime central bankers for crucial June interest-rate decisions, just as they meet in Italy to discuss the state of the world economy.
Oct 26, 2020
Blackstone REIT to buy Simply Self Storage from Brookfield for US$1.2 billion
The Canadian Press
TORONTO - Blackstone Real Estate Income Trust Inc. says it has signed a deal to buy Simply Self Storage from a Brookfield Asset Management real estate fund for approximately US$1.2 billion.
Simply Self Storage has a portfolio totalling about 750,000 square metres across the U.S.
Blackstone says the deal will add to the trust's portfolio of self-storage facilities and make it the third largest non-listed owner of storage in the U.S.
Brookfield acquired Simply Self Storage in 2016.
The deal is expected to close before the end of the year, subject to certain customary closing conditions.
Brookfield Asset Management has approximately US$550 billion in assets under management.
Related
