Blackstone Drops to 90th in Trading Volume as $1.184 Billion Deal with Crow Holdings Announced

On April 10, 2025, Blackstone (BX) experienced a significant decline, with its trading volume reaching $1.184 billion, marking a 21.28% decrease from the previous day. This placed Blackstone at the 90th position in terms of trading volume for the day. The stock price of Blackstone dropped by 7.21%.

Blackstone Real Estate has announced a significant acquisition, agreeing to purchase a 95% stake in an industrial portfolio developed by Crow Holdings for $718 million. The portfolio consists of 25 Class A buildings totaling 6 million square feet, primarily located in high-barrier submarkets in Dallas and Houston, which are among the top-performing U.S. logistics markets. Crow Holdings and its partners will retain a 5% ownership stake in the portfolio.

David Levine, Co-Head of Americas Acquisitions for Blackstone Real Estate, highlighted the strategic importance of this acquisition, noting that it aligns with Blackstone's investment strategy during periods of market volatility. He emphasized the high quality of the portfolio and the strong performance of the U.S. industrial markets, particularly in logistics. Blackstone currently owns over $90 billion in warehouses in North America and nearly $170 billion globally, underscoring its leadership in the logistics sector.

Michael Levy, Chief Executive Officer at Crow Holdings, expressed excitement about partnering with Blackstone, citing the company's long history in real estate development and its commitment to high-quality investments. The transaction is expected to close in the second quarter of 2025.