Blackstone gets 8 OC retail centers in REIT buy

by TRD Staff

Blackstone has nabbed 93 shopping centers across the West Coast, including eight in Southern California, by acquiring the Retail Opportunity Investment Corporation for $4 billion. The New York-based investor acquired the San Diego-based real estate investment trust and its 10.5 million-square-foot portfolio of grocery-anchored shopping centers in Southern California, San Francisco, Seattle and Portland, the […]This article originally appeared on The Real Deal. Click here to read the full story.

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