Affiliates of Blackstone Real Estate Acquire Bluerock Residential Growth REIT

GO Residential REIT to Acquire H&R REIT in $6.7B Consortium Transaction Led by Blackstone

August 21, 2026

Real Estate

GO Residential Real Estate Investment Trust (GO REIT) has entered into an arrangement agreement to acquire H&R Real Estate Investment Trust (H&R) in a cash-and-unit transaction valued at approximately C$6.7 billion, including assumed debt. The deal is structured as a consortium asset purchase: GO REIT will acquire most of H&R’s residential portfolio, while Blackstone, Crestpoint, PSP Investments, and CRAL (a family-controlled entity tied to Tom Hofstedter) will acquire other non-residential/non-core assets. The transaction is expected to close in Q4 2026, subject to unitholder, court, and regulatory approvals.

Brookfield Asset Management to Acquire Peakstone Realty Trust

February 2, 2026

Real Estate

Brookfield Asset Management (via a Brookfield private real estate fund/affiliate) entered into a definitive agreement to acquire all outstanding shares of Peakstone Realty Trust for $21.00 per share in an all-cash transaction valuing Peakstone at approximately $1.2 billion. The deal expands Brookfield’s industrial real estate platform and deepens exposure to industrial outdoor storage (IOS).

Blackstone Real Estate Partners X Takes AIR Communities Private in ~$10 Billion Deal

June 28, 2024

Real Estate

Blackstone Real Estate Partners X agreed to acquire all outstanding common shares of Apartment Income REIT Corp. (AIR Communities) for $39.12 per share in an all-cash transaction valued at about $10 billion, including the assumption of debt. Blackstone planned to invest over $400 million to maintain and improve AIR’s rental housing communities, and the deal was expected to close in Q3 2024. The follow-on update states Blackstone has completed the privatization.

Blackstone Real Estate Partners Takes Tricon Residential Private at $11.25 Per Share

April 5, 2024

Real Estate

Tricon Residential Inc. said the Ontario Superior Court of Justice granted final approval for its previously announced statutory plan of arrangement to be taken private by Blackstone Real Estate Partners X and Blackstone Real Estate Income Trust, Inc. for US$11.25 per common share in cash. The transaction is expected to close in the second quarter of this year, subject to customary closing conditions including Investment Canada Act regulatory approval.

Affiliates of Blackstone Real Estate Acquire PS Business Parks for $7.6 Billion

July 20, 2022

Real Estate

Affiliates of Blackstone Real Estate entered into a definitive all-cash agreement to acquire PS Business Parks, Inc. for $187.50 per share, valuing the transaction at approximately $7.6 billion. The deal covers PS Business Parks’ commercial portfolio (industrial, business park, office, and multifamily) primarily located in California, Miami, Texas, and Northern Virginia, with an expected closing in the third quarter of 2022.

Blackstone to Acquire QTS Realty Trust in ~$10 Billion All-Cash Transaction

June 7, 2021

Infrastructure

QTS Realty Trust and Blackstone announced they entered into a definitive agreement under which Blackstone Infrastructure Partners, Blackstone Real Estate Income Trust, Inc., and other perpetual capital vehicles managed by Blackstone will acquire all outstanding shares of QTS for $78.00 per share in an all-cash transaction valued at approximately $10 billion, including assumed debt. The transaction is expected to close in the second half of 2021, subject to stockholder approval and customary closing conditions.