Retail property: Blackstone strengthens on the U.S. West Coast with a US$4 billion acquisition

Featured image of the article Retail property: Blackstone strengthens on the U.S. West Coast with a US$4 billion acquisition

An article by Morgane Monteiro

Publication

7 November 2024 à 12h25

Updated on 8 November 2024 à 19h03

Reading time

1 minute

Publication: 7 November 2024 à 12h25, Updated on 8 November 2024 à 19h03

Reading time: 1 minute

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An article by Morgane Monteiro

Publication

7 November 2024 à 12h25

Updated on 8 November 2024 à 19h03

Reading time

1 minute

Publication: 7 November 2024 à 12h25, Updated on 8 November 2024 à 19h03

Reading time: 1 minute

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On November 6, 2024, U.S. investment fund Blackstone (US$336.1 billion in assets) announced the acquisition of Retail Opportunity Investments Corp (valued at US$2.13 billion) for approximately US$4 billion in cash, including debt. ROIC owns 93 shopping centres covering almost one million sq.m in major cities on the West Coast of the United States (Los Angeles, Seattle and San Francisco), which target middle and high-income populations. The deal will be completed in Q1 2025, depending on the...

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Article authors
Featured image of the article Morgane Monteiro
Morgane Monteiro Journalist
Featured image of the article Morgane Monteiro

Journaliste économique pour mind Retail depuis 2024, j’analyse la transformation digitale du commerce.

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