Announced
Completed
Financials
Tags
Friendly
Domestic
Private Equity
Majority
Acquisition
Single Bidder
Completed
Residential REITs
suburban apartment
United States
Public
Synopsis
Blackstone Real Estate Income Trust, a real estate investment platform, completed the acquisition of Resource REIT, a publicly registered non-traded real estate investment trust, for $3.7bn. "This transaction represents a continuation of our high-conviction investing in top-quality multifamily communities in growth markets across the US Blackstone intends to capitalize on our expertise, scale, and best-in-class management practices to ensure these properties are well maintained and provide an exceptional experience for residents," Asim Hamid, Blackstone Real Estate Senior Managing Director.
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