Blackstone Closes $4B Privatization of Retail Opportunity Investments Corp, a Shopping Center REIT

2/13/2025

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Connect CRE

• Subcategory: Retail: Shopping

• Tag: Investment | M&A | Sale

• Additional Filters-Subcategory: Retail: Community Center, Retail: Grocery Anchored, Retail: Mall, Retail: Neighborhood Center, Retail: Outlets

• Additional Filters-Tags: Sale: Investment, Sale: Ownership Interest, Sale: Portfolio

• Company: Blackstone Group (NYSE: BX), JPMorgan Chase & Co (NYSE: JPM), Morgan Stanley (NYSE: MS), Citigroup, Wells Fargo (NYSE: WFC), Newmark Group (Nasdaq: NMRK), Eastdil Secured

Blackstone Real Estate Partners X has completed its previously announced acquisition of all outstanding common shares of San Diego-based shopping center REIT Retail Opportunity Investments Corp. (ROIC) for $17.50 per share. The all-cash transaction is valued at approximately $4 billion, including outstanding debt.