Large Platform Events | Issue 22.8

Recently Announced Transactions | 2022 Week 8

2.24.22 | This week we recognized 3 capital related transactions with a disclosed value of $3.8 Billion USD.

Deal Size (Mn USD)	Capital Related Transactions
$1,000	Denholtz Properties Forms $1 Billion JV Targeting Multitenant Industrial Properties
$2,300	Public Storage Closes on $2.3 Billion of Property Purchases in Q4’21
$500	Blackstone Forms Portfolio Company, April Housing Plans to Invest $500+ Million for Creating and Preserving Affordable Housing
$3,800	Total

Summary of Transaction Headlines

IREI | “Denholtz Properties Forms $1 Billion JV Targeting Multitenant Industrial Properties”

Denholtz Properties has launched a joint venture with an affiliate of an institutional investment management firm targeting multitenant industrial projects strategically located in densely populated, high-growth infill areas. The joint venture plans to acquire and develop multitenant industrial properties with a total value of more than $1 Billion.

SNL | “Public Storage Closes on $2.3 Billion of Property Purchases in Q4’21”

Public Storage bought 106 self-storage facilities for $2.3 Billion during the fourth quarter of 2021, the company said in its latest earnings release. The facilities, totaling 11.5 Million net rentable square feet, are spread across the U.S. with 79 in Texas, five in Colorado; four in North Carolina; three each in Missouri and Oklahoma; two each in Minnesota, Oregon and Tennessee; and one each in Florida, Georgia, Kansas, Michigan, Ohio and Washington.

CoStar | “Blackstone Forms Portfolio Company, April Housing Plans to Invest $500+ Million for Creating and Preserving Affordable Housing”

Blackstone (NYSE:BX) announced its new portfolio company, April Housing, which will serve as a leading provider of solutions and capital for the creation and preservation of high-quality affordable housing across U.S. April Housing will oversee and preserve the affordability of an initial portfolio of 90K+ housing units recently acquired by Blackstone Real Estate Income Trust.

If you would like to learn more about the large platform events we are tracking, please reach out to David Stanford or John Seaton. If you would like to suggest a news or media outlet that should be considered, please contact us here or at +1 214 292 7000.