Announced
Completed
Financials
Tags
Majority
Friendly
Single Bidder
Real Estate Holding and Development
Domestic
real estate investment
Residential REITs
Acquisition
Private Equity
United States
Public
Privatisation
Completed
Synopsis
Blackstone completed the acquisition of Bluerock Residential Growth REIT, a residential REIT, for $3.6bn. “We are very proud to enter into a transaction that delivers tremendous value to our shareholders. We believe the substantial premium to our historic trading price is a testament to our success in building a best-in-class institutional-quality multifamily apartment portfolio in our attractive knowledge-economy target markets, along with the robust process run by the board of directors and management to secure maximum value for our shareholders,” Ramin Kamfar, Bluerock Chairman and CEO.
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