Blackstone Warehouse Landlord IndCor Files for U.S. IPO
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IndCor Properties Inc., the warehouse landlord owned by Blackstone Group LP, filed for a U.S. initial public offering as a real estate investment trust.
The Chicago-based company confidentially filed a registration statement with the Securities and Exchange commission, according to a statement today. Blackstone plans to raise about $1 billion, a person with knowledge of the company’s plans said in August. That would value IndCor at about $8 billion, the person said.