Blackstone Real Estate Partners X to acquire Retail Opportunity Investments Corp. for $4 Billion
11/08/24, 6:43 PM
Location
new yorklos angelesIndustry
grocery
real estate
retail
e commerce
Blackstone Real Estate Partners X has entered into a definitive agreement to acquire all outstanding common shares of Retail Opportunity Investments Corp. (ROIC) for $17.50 per share in an all-cash transaction valued at approximately $4 billion, including outstanding debt. This transaction represents Blackstone's strong conviction in necessity-based, grocery-anchored shopping centers in densely populated geographies, and ROIC's unique collection of high-quality assets in desirable West Coast markets.
Company Info
Location
New York, New York, United States
Company info
Blackstone is one of the world's leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our $649 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.
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