Blackstone Completes Acquisition of Retail Opportunity Investments

The latest update is out from Retail Opportunity Investments ( (ROIC) ).

On February 12, 2025, Blackstone Real Estate completed the acquisition of Retail Opportunity Investments Corp. (ROIC) in a transaction valued at approximately $4 billion, including outstanding debt. The transaction, initially announced on November 6, 2024, involved the purchase of all outstanding common shares of ROIC for $17.50 per share in an all-cash transaction. Following the merger, members of ROIC’s Board of Directors, as well as key executives including CEO Stuart A. Tanz, CFO Michael B. Haines, and COO Richard K. Schoebel, resigned from their positions, effective immediately. This acquisition is expected to significantly impact the grocery-anchored shopping center market on the West Coast, altering the operational landscape for ROIC and its stakeholders.

More about Retail Opportunity Investments

Retail Opportunity Investments Corp. (ROIC) is a fully-integrated, self-managed real estate investment trust (REIT) specializing in the acquisition, ownership, and management of grocery-anchored shopping centers in densely populated metropolitan markets on the West Coast. As of September 30, 2024, ROIC owned 93 shopping centers totaling approximately 10.5 million square feet and holds investment-grade corporate debt ratings from Moody’s Investor Services, S&P Global Ratings, and Fitch Ratings.

YTD Price Performance: 0.75%

Average Trading Volume: 1,306,200

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $2.37B

See more data about ROIC stock on TipRanks’ Stock Analysis page.