09:00 AM EDT, 04/10/2025 (MT Newswires) -- Blackstone (BX) said Thursday that Core+ funds affiliated with Blackstone Real Estate will buy a 95% stake in a 6 million-square-foot industrial portfolio developed by Crow Holdings for $718 million.

The deal, scheduled to close in Q2, involves 25 warehouse properties located mainly in Dallas and Houston, according to the companies.

Crow and its partners will keep a 5% stake in the industrial portfolio, the companies said.

Shares of Blackstone were 3.1% lower in recent Thursday premarket activity.