Singapore fund that owns Biltmore shells out $140M for Blackstone commercial properties in Phoenix

Biltmore

By Mike Sunnucks | Phoenix Business Journal

BiltmoreThe same sovereign investment fund run by the government of Singapore that owns the Arizona Biltmore Resort & Spa has bought 14 commercial and industrial properties in Phoenix, Tempe and the West Valley for more than $140 million.

The Arizona deals are part of a larger $8.1 billion acquistion of U.S. industrial and commercial properties by Singapore’s GIC.

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