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

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.