Blackstone Real Estate Income Trust Completes $3.7 Billion Acquisition Of Resource Reit
Acquiring Company
Blackstone
Acquired Company
Resource REIT
New YorkFinancial ServicesReal EstateFinanceReal Estate InvestmentDescription
Blackstone (NYSE: BX) today announced that Blackstone Real Estate Income Trust, Inc. (“BREIT”) has completed its previously announced acquisition of all of the outstanding shares of common stock of Resource REIT, Inc. (the “REIT”) for $14.75 per share in an all-cash transaction valued at $3.7 billion, including the assumption of the REIT’s debt.
Quick answer
Blackstone is acquiring Resource REIT for $3.7 billion, announced May 19, 2022. Blackstone is based in New York, New York, United States.
- How much did Blackstone pay for Resource REIT?
- The reported deal value is $3.7 billion.
- What does Blackstone do?
- Blackstone is one of the world's leading investment firms.
- Where are Blackstone and Resource REIT based?
- Blackstone is based in New York, New York, United States.
- Who are the decision-makers at Blackstone?
- Fundz holds 4 contacts at Blackstone. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Resource REIT?
Resource REIT was acquired by Blackstone, based in New York. The deal was reported on May 19, 2022. Blackstone is one of the world's leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. Blackstone is publicly traded (BX) and operates in Financial Services.
When did Blackstone acquire Resource REIT?
Blackstone's acquisition of Resource REIT was reported on May 19, 2022. Blackstone (NYSE: BX) today announced that Blackstone Real Estate Income Trust, Inc. (“BREIT”) has completed its previously announced acquisition of all of the outstanding shares of common stock of Resource REIT, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Resource REIT do?
Resource REIT, Inc. (the “REIT” or the “Company”) is a self-managed real estate investment trust that owns a diverse portfolio of suburban apartment communities in targeted markets across the United States. It is privately held.
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