Blackstone Real Estate Income Trust Completes $3.7 Billion Acquisition of Resource REIT
May 19, 2022 at 10:02 AM EDT
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.
Lazard Frères & Co. LLC acted as exclusive financial advisor to the REIT and DLA Piper LLP (US) acted as legal counsel. BofA Securities, BMO Capital Markets Corp., Eastdil Secured Advisors LLC and RBC Capital Markets LLC acted as financial advisors to BREIT and Simpson Thacher & Bartlett LLP acted as legal counsel.
About Resource REIT, Inc.
About Blackstone Real Estate Income Trust, Inc.