BLT Diversifies Into New Asset Class

The investor buys four sound stages in Hollywood, which are rising in popularity due to the increase in streaming content.

BLT Enterprises is diversifying into a new asset class. The investor has acquired four sound stages in Hollywood totaling 34,000 square feet. BLT says there is a lot of upside in sound stages due to the popularity of streaming. The purchase price was not disclosed.

The project features state-of-the-art amenities, including a permanent green screen and white cyclorama, fully equipped production offices, private dressing rooms, ample makeup and wardrobe rooms, full prep kitchens and private, drive-on capability and secure parking.

Aaron Wilder and Brad McCoy of Lee & Associates, West LA represented BLT in the acquisition.

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