trending Market Intelligence /marketintelligence/en/news-insights/trending/81XZPBetai--8Z2eb4mf-g2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

FRP Holdings to sell warehouse portfolio to Blackstone fund for $359M

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

FRP Holdings to sell warehouse portfolio to Blackstone fund for $359M

FRP Holdings Inc. agreed to sell a portfolio of 41 industrial warehouses and a pair of adjacent lots to Blackstone Real Estate Partners VIII LP affiliate BRE Foxtrot Parent LLC for $358.9 million.

The deal, which remains subject to the approval of FRP's shareholders and other customary conditions, is slated to close during the second or third quarter.

FRP expects to use part of the proceeds to pay for transaction-related costs, to pay off at the deal's closing all debt encumbering the properties and for general working capital purposes. The company also intends to reinvest a portion of the proceeds into its other business segments.

FRP Executive Chairman and CEO John Baker II and certain members of his family and their affiliated trusts agreed to vote their roughly 32.4% stake in the company in favor of the sale.

Blackstone Real Estate Partners VIII is a fund managed by private equity giant Blackstone Group LP's real estate arm.

Eastdil Secured LLC is the exclusive broker on the portfolio transaction, with Houlihan Lokey Capital Inc. serving as financial adviser to FRP and Nelson Mullins Riley & Scarborough LLP acting as its legal counsel. Simpson Thacher & Bartlett LLP is Blackstone's counsel on the deal.