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Blackstone's global real estate head, Nadeem Meghji, stated that U.S. reindustrialization is expected to increase warehouse demand, following a post-pandemic decline. The firm is focusing on industrial properties, particularly data centers for artificial intelligence.

Blackstone holds around $140 billion in data centers and plans to establish a publicly traded company for AI investments. The firm reported an 8.4% return from its private equity infrastructure in Q4 2025. Tech companies, including Microsoft and Google, are projected to invest nearly $700 billion in AI infrastructure, further driving demand for warehouses.