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KTR Real Estate Acquired For $5.9B

Industrial real estate giant Prologis Inc. and Norway’s sovereign wealth fund will pay $5.9 billion for KTR Capital Partners, Prologis announced recently.

The acquisition expands San Francisco-based Prologis’s position in Florida, among other markets, and includes the assumption of about $700 million in debt, Bloomberg reported. It also includes the issuance of as much as $230 million of common limited partnership units in Prologis LP to KTR.

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