“In a market where people have more choices than ever, the properties that succeed are those that perform — for tenants, customers, investors, and communities,” Alex Vouvalides, CEO of Perform Properties, said in a statement.
“At Perform, we are committed to providing high-functioning, high-impact spaces designed to meet the evolving needs of businesses, their customers, and employees — delivering places where people want to be.”
Additionally, it follows the merger of EQ Office and ShopCore, which was completed in December. Now they will all be known as Perform Properties.
Aside from the new merger, Blackstone has continued to remain active across CRE. This week alone, it made headlines for its $925 million debt facility issued to Colovore for an expansion into liquid cool data centers and its $200 million investment in multifamily property management software provider, Entrata. Also, in recent days, Bloomberg reported that a Blackstone-led joint venture sold $395 million worth of commercial real estate loans.
