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The latest update is out from Retail Opportunity Investments ( (ROIC) ).
Retail Opportunity Investments Corp. (ROIC) is set to be acquired by Blackstone Real Estate Partners X for $4 billion, in an all-cash deal at $17.50 per share, marking a 34% premium on its share price. This acquisition includes 93 grocery-anchored retail properties, highlighting Blackstone’s interest in high-demand shopping centers in key West Coast markets. The deal, backed by ROIC’s Board, is anticipated to close in early 2025, contingent on shareholder approval and customary conditions.
See more insights into ROIC stock on TipRanks’ Stock Analysis page.