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

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).

BlackRock Acquires HPS Investment Partners

October 14, 2025

Financial Services

BlackRock completed the acquisition of HPS Investment Partners in a transaction reported at about $12 billion, expanding BlackRock’s private credit and alternative asset capabilities. The deal brings HPS’s sizable private markets platform (reported as roughly $157–165 billion of AUM in sources) into BlackRock’s platform and bolsters its private markets and private credit scale.

BlackRock Acquires HPS Investment Partners

July 1, 2025

Financial Services

BlackRock acquired 100% of HPS Investment Partners for approximately $12 billion, with consideration paid in BlackRock equity. The deal adds HPS’s credit origination and private credit capabilities to form BlackRock’s Private Financing Solutions platform, integrating public and private credit offerings for clients and borrowers.

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.

Affiliates of Blackstone Real Estate Acquire Bluerock Residential Growth REIT

October 6, 2022

Real Estate

Affiliates of Blackstone Real Estate (Blackstone) completed an all-cash acquisition of Bluerock Residential Growth REIT, Inc. for $24.25 per share, valuing the transaction at approximately $3.6 billion. The deal included a spin-off of Bluerock's single-family rental business into a newly listed REIT, Bluerock Homes Trust (BHM).

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.