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The companies are in discussions regarding a transaction that values Blair at $1 billion or more. The transaction hasn’t been finalized, and talks could still fall apart.
Ortega family investment company Pontegadea bought five logistics centers in the US states of Tennessee, South Carolina, Virginia, Pennsylvania and Texas from Realty Income Corp. for about $722 million.
Exclusive survey results predict rising commercial real estate allocations, with wealthy individuals investing in both public and private real estate vehicles.
