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The Wall Street Journal. The move comes a few days after Singapore’s GLP (SGX: MC0/GLPL), a leading global provider of modern logistics facilities, agreed to acquire a $1.1 billion US logistics real estate portfolio from Dallas/Fort Worth-based Hillwood Development Company LLC, controlled by Ross Perot Jr. Singapore’s sovereign wealth fund GIC, is the controlling shareholder and largest investor in GLP. The Hillwood portfolio reportedly includes industrial buildings in Dallas/Fort Worth, Atlanta, Chicago, Los Angeles, Ohio and Pennsylvania. Hillwood’s AllianceTexas, the company’s flagship project, envelops the world’s first industrial airport, Fort Worth Alliance Airport, and includes the Alliance Global Logistics Hub, the nation’s largest inland port. In 2014 Blackstone scrapped plans for an IPO for its U.S. logistics portfolio IndCor Properties Inc. and sold the company to Singapore’s sovereign wealth fund GIC, for $8.1 billion, according to The Real Deal. Blackstone is the largest real estate private equity firm in the world today with $103 billion of assets under management. The Blackstone Real Estate platform, headed by Jonathan D. Grey, encompasses investments across the risk spectrum from opportunistic to core+ to debt. The firm’s real estate portfolio includes hotel, office, retail, industrial and residential properties in the US, Europe, Asia and Latin America. Major investments include Hilton Worldwide, Invitation Homes (single family homes), Logicor (pan-European logistics), SCP (Chinese shopping malls), and prime office buildings in the world’s major cities. In May this year, Blackstone was said to be considering either the sale of its pan-European Logicor logistics unit with 137 million square feet of space at a valuation of $11 billion, or moving forward with an IPO. Blackstone real estate also operates one of the leading real estate finance platforms, including management of the publicly traded Blackstone Mortgage Trust (BXMT). In July, Blackstone Real Estate Partners III fund agreed to sell the life science and medical real estate assets of Wexford Science & Technology LLC to Chicago-based real estate investment trust Ventas Inc. (NYSE: VTR), for $1.5 billion in cash. Blackstone had acquired Wexford parent Biomed Realty Trust (NYSE: BMR) in an $8 billion deal earlier this year. The Wexford sale came within days after Blackstone Real Estate Partners VIII agreed to acquire seven West Coast office properties for $1.16 billion in cash from Houston-based Hines Real Estate Investment Trust, after which Hines REIT was being liquidated. Irvine, Calif.-based LBA Realty was founded in 1991 by Steve Layton and Phil Belling. LBA’s initial focus during the early ’90s was to act as “court appointed receivers overseeing foreclosures and bankruptcies for many of the major banks and life insurance companies,” said Belling. “In 1995, LBA launched an investment joint venture with AEW Capital Management. As part of those ventures, we acquired more than $850 million of office and industrial properties. This endeavor was very successful for both AEW and LBA,” Belling added. “We put our first commingled fund together in 2000 and have closed on five additional funds since then,” said LBA principal, Steve Briggs. “The most recent, LBA Realty Fund V, closed with $776 million of equity commitments. All of our funds have included a balance of core-plus or value-added office and industrial properties throughout the key markets in the Western United States. LBA’s portfolio today comprises 38 million square feet — 25 million of industrial and 13 million of office — with approximately $2.5 billion in assets under management.” LBA now owns and operates a portfolio of industrial properties comprising over 26 million square feet located throughout the western United States. The facilities include state-of-the-art, high bay distribution space, light manufacturing, multi tenant business parks and R&D space. The site locations range from major port and airport adjacent locations, including Los Angeles, Oakland, San Francisco, San Diego and Seattle, to more regional inland locations, such as Dallas, Denver, Phoenix and Las Vegas.]]>