Blackstone Real Estate Partners X has entered into a definitive agreement to acquire all outstanding common shares of Retail Opportunity Investments Corp. (ROIC) for $17.50 per share in an all-cash transaction valued at approximately $4 billion, including outstanding debt. This transaction represents Blackstone's strong conviction in necessity-based, grocery-anchored shopping centers in densely populated geographies, and ROIC's unique collection of high-quality assets in desirable West Coast markets.