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Blackstone to Buy U.S. Logistics Assets from Colony Capital for $5.9 Billion

LOS ANGELES & NEW YORK & DALLAS--(BUSINESS WIRE)--Colony Capital, Inc. (NYSE: CLNY) (“Colony Capital,” or the “Company”) and Blackstone Real Estate Partners IX, an affiliate of Blackstone (NYSE: BX), announced today that they have entered into definitive agreements for Blackstone to acquire Colony Industrial, the industrial real estate assets and affiliated industrial operating platform of Colony Capital, for an aggregate purchase price of $5.9 billion.