Blackstone and Retail Opportunity Investments Corp. (ROIC) have announced that Blackstone Real Estate Partners X has completed its previously announced acquisition of all outstanding common shares of ROIC for $17.50 per share in an all-cash transaction valued at approximately $4 billion, including outstanding debt.
The transaction was announced on Nov. 6, 2024.
Retail Opportunity Investments Corp. is a fully integrated, self-managed REIT that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast. As of Sept. 30, 2024, ROIC owned 93 shopping centers encompassing approximately 10.5 million square feet. ROIC is the largest grocery-anchored shopping center REIT focused exclusively on the West Coast.
J.P. Morgan acted as
