Cash Offer – Blackstone has offered to buy Industrials REIT through a new entity called Sussex Bidco. The offer price of 168 pence per share is a 40.6% premium to the one-month VWAP. The independent board unanimously recommended the offer to shareholders. Blackstone’s AUM is $975 billion, with $326 billion in real estate, making Industrials REIT a small addition to their portfolio.