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Question Lingers Whether Blackstone Got a Steal With a Top Canadian Industrial Owner

Former CEO Reveals Not All Investors Were Happy With $3.8 Billion Deal
Kevan Gorrie was CEO of Pure Industrial when it was sold to Blackstone. (Granite REIT)
Kevan Gorrie was CEO of Pure Industrial when it was sold to Blackstone. (Granite REIT)
CoStar News
September 9, 2019 | 6:30 P.M.

It's been about 21 months since New York-based Blackstone Property Partners swooped into Canada to buy one of the country's largest industrial property companies for $3.8 billion, but the trust's former chief executive still can't help but wonder if the American investment giant got a steal.

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