Blackstone Real Estate Income Trust to acquire Home Partners of America for $6bn.

Blackstone Real Estate Income Trust agreed to acquire Home Partners of America, an operator of high-quality single-family rental homes, for $6bn. The transaction is expected to close in the third quarter of 2021, subject to customary closing conditions and approvals. “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 US. 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,” Jacob Werner, Blackstone Real Estate Senior Managing Director.