Blackstone Real Estate Income Trust to Acquire Home Partners of America

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.

Public Storage Acquires Simply Self Storage From BREIT for $2.2 Billion

July 24, 2023

Real Estate

Public Storage (NYSE: PSA) entered into an agreement to acquire Simply Self Storage from Blackstone Real Estate Income Trust (BREIT) for $2.2 billion. The Simply portfolio includes 127 wholly owned properties and about 9 million net rentable square feet across 18 states, with ~65% in Sunbelt growth markets.

Blackstone Core+ Funds Acquire American Campus Communities

August 9, 2022

Real Estate

Blackstone Core+ perpetual capital vehicles, primarily Blackstone Real Estate Income Trust, Inc. (BREIT) and Blackstone Property Partners L.P. (BPP), completed the previously announced all-cash acquisition of American Campus Communities, Inc. (ACC). The deal was valued at approximately $12.8 billion, including the assumption of debt (about $65.47 per share).

Blackstone Real Estate Income Trust Acquires Preferred Apartment Communities

March 21, 2022

Real Estate

Preferred Apartment Communities, Inc. (PAC) announced that proxy advisory firms Glass Lewis and ISS have recommended stockholders vote “FOR” the previously announced all-cash acquisition by Blackstone Real Estate Income Trust, Inc. (BREIT). Under the definitive merger agreement, BREIT will acquire PAC for $25.00 per share, and the deal is expected to close in the second quarter of 2022 subject to customary conditions and stockholder approval.