Blackstone Real Estate to acquire ROIC for $4bn.

Blackstone Real Estate agreed to acquire Retail Opportunity Investments, a fully integrated, self-managed real estate investment trust, for $4bn. “We are pleased to reach this agreement with Blackstone, as it will provide significant and certain value to our stakeholders. This transaction represents the culmination of the steadfast commitment and extraordinary dedication of our talented team and their tireless efforts over the past 15 years. We are confident that Blackstone will position ROIC’s portfolio for continued growth and success," Stuart A. Tanz, ROIC President and Chief Executive Officer.