The Best Guide To Blackstone to Buy WPT Industrial in $3.1 Billion Deal

The schedule is as follows: Sun., Sept. 19, 5 p. m. ET Mon., Sept. 20, 7 p. m. Did you see this? : Tue., Sept. 21, 7 p. m. ET The WPT will of the tournament over itschannel. Other festival occasions have yet to be announced. Only the $3,500 Main Occasion will be thought about a main WPT Main Tour occasion.

While next month's competition will be the first WPT Online Borgata Poker Open, it will mark the official online WPT Main Trip event on the partypoker US network. The first came in late, called the WPT Online Poker Open with a $3,500 buy-in, three-day schedule, and $1 million guarantee.

The WPT Online Poker Open attracted who together produced a. won the event, earning a handsome first prize of for doing so. Bet, MGM's President of Gaming alluded to that event when voicing enthusiasm about the event and collaboration with WPT. "Our last Main Tour occasion together was a huge success," said Sunderland, "and we anticipate using players in New Jersey a piece of the $1 million reward swimming pool." The partypoker United States network no doubt hopes the September series will assist improve traffic on the 3 sites.

Blackstone CEO Stephen Schwarzman and WPT CEO Scott Frederiksen (Blackstone and Linked, In) The Blackstone Group keeps feeding its apparently pressing appetite for commercial realty. In its most current relocation, the company's private realty financial investment trust is obtaining WPT Industrial Real Estate Financial Investment Trust in an all-cash offer valued at $3.

Debt is consisted of in that evaluation, according to the report. The deal was done through Blackstone Real Estate Investment Trust. Over the previous year, BREIT has actually included west coast storage facilities, Silicon Valley workplaces and mobile-homes in Florida for a combined $1. 8 billion. WPT increased practically 16 percent in trading on the Toronto market where the company is based after news of the acquisition emerged.

The company's portfolio consists of practically 37. 5 million square feet throughout 20 states. Leas for commercial homes like warehouses have been booming, buoyed by rising e-commerce and falling accessibility. A current CBRE analysis found first-year base leas on leases of a minimum of a year rose nearly 10 percent this year.

In 2015, it acquired a $358 million storage facility portfolio from Iron Mountain. [Bloomberg News] Holden Walter-Warner Contact Holden Walter-Warner.