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Announced

Completed

Blackstone Real Estate Income Trust completed the acquisition of Resource REIT for $3.7bn.

Financials

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Transaction Value£2,730m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Domestic

Private Equity

Majority

Acquisition

Single Bidder

Completed

Residential REITs

suburban apartment

United States

Public

Synopsis

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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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