Transactions - JUNE 22, 2021

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Blackstone Real Estate Income Trust to acquire Home Partners of America

by Andrea Zander

Blackstone Real Estate Income Trust has entered into a definitive agreement to acquire Home Partners of America (HPA), valuing the company at $6 billion.

HPA has a high-quality portfolio of more than 17,000 homes across the United States.

Jacob Werner, Blackstone real estate senior managing director, said, “The fundamental premise of the HPA platform is to provide residents with the opportunity to live in their chosen home with the option to purchase it — we intend to build on that goal and expand access to homes across the U.S. We look forward to working with HPA’s leadership team to further invest in the properties and continue its role as a valuable resource for people considering home purchases.”

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