Affiliates of Blackstone Real Estate Acquire Bluerock Residential Growth REIT

Blackstone Real Estate Partners X Acquires Apartment Income REIT Corp. (AIR Communities) for Approximately $10 Billion

June 28, 2024

Real Estate

Blackstone Real Estate Partners X (part of Blackstone) has completed its acquisition of all outstanding common shares of Apartment Income REIT Corp. (AIR Communities) for $39.12 per share in an all-cash transaction valued at roughly $10 billion, including assumed debt. The take-private purchase gives Blackstone control of AIR's portfolio of 77 multifamily communities (27,385 apartment homes) and aligns with Blackstone's continued expansion of its real estate platform.

Blackstone Funds Complete $12.8 Billion Acquisition of American Campus Communities

August 9, 2022

Real Estate

Blackstone’s Core+ perpetual capital vehicles — primarily Blackstone Real Estate Income Trust (BREIT) and Blackstone Property Partners (BPP) — have completed the acquisition of all outstanding common shares of American Campus Communities (ACC) for approximately $12.8 billion, including assumption of debt. The acquisition gives Blackstone significant exposure to the U.S. student housing sector and will allow ACC to invest in existing assets and develop new student housing in university markets.

Blackstone Acquires PS Business Parks for $7.6 Billion

July 20, 2022

Real Estate

Affiliates of Blackstone Real Estate completed the acquisition of all outstanding shares of PS Business Parks, Inc. for $187.50 per share in an all-cash transaction valued at approximately $7.6 billion. The deal brings PSB's portfolio—93 properties serving ~4,800 tenants across ~27 million square feet (plus ~800 residential units)—into Blackstone's real estate platform (operated via Link Logistics), expanding its industrial/industrial-flex and suburban office footprint.

Blackstone Acquires Rover Group for $2.3 Billion

November 29, 2023

E-Commerce

Private equity funds managed by Blackstone completed the all-cash acquisition of Rover Group, Inc. for approximately $2.3 billion, paying $11.00 per share. The transaction takes Rover private to accelerate investment in the business, expand its global footprint and support growth initiatives for the online pet-care marketplace.

Blackstone Real Estate Acquires Village Hotels from KSL Capital Partners

June 26, 2024

Restaurants & Hospitality

Funds managed by Blackstone Real Estate have completed the acquisition of Village Hotels from affiliates of KSL Capital Partners. Village Hotels owns and operates 33 hotels across the United Kingdom (approximately 4,400 keys) with integrated fitness clubs, food & beverage outlets and co-working spaces; Blackstone said it plans to expand the number of hotels in the UK and enhance existing facilities.

Peak Rock Capital Affiliate Acquires BrightStar Care

March 3, 2025

Healthcare Services

An affiliate of Peak Rock Capital has completed the acquisition of BrightStar Group Holdings, Inc. (BrightStar Care) in partnership with founder Shelly Sun Berkowitz. Peak Rock said it will support the franchisor’s growth by investing in technology, marketing, and other initiatives to expand access to clinically led home care and medical staffing services across the BrightStar franchise network.