Blackstone Real Estate Income Trust (BREIT) plans to acquire all of the outstanding shares of common stock of the Resource REIT for $14.75 per share in an all-cash transaction valued at $3.7 billion, including the assumption of the REIT’s debt.
Resource REIT is a publicly registered nontraded real estate investment trust that invests in multifamily properties. Under the terms of the agreement, BREIT will acquire the REIT's portfolio of garden-style apartment properties totaling 42 communities and more than 12,600 units across 13 states, including Arizona, Colorado, Florida, Georgia and Texas.
BREIT is a perpetual-life, diversified nontraded REIT that invests in industrial, office, retail, residential, data center, hospitality, net lease and self-storage properties across the United States. The firm owned more than 2,200 properties with a total asset value of approximately $78 billion as of November 2021. As of Dec. 31, 2021, BREIT had a total asset value of $94 bil
