ROIC Stockholders Approve Blackstone Acquisition

By Bobby Samwell • Saturday, February 08 10:13 • Permanent Link

Retail Opportunity Investments Corp. (ROIC) has announced that its stockholders have approved the all-cash acquisition of the company by Blackstone Real Estate Partners X. The acquisition price is set at $17.50 per share, and the deal is expected to be completed on or about February 12, 2025.

As of September 30, 2024, ROIC owned 93 shopping centers encompassing approximately 10.5 million square feet. The company is the largest publicly-traded, grocery-anchored shopping center REIT focused exclusively on the West Coast.

The press release does not contain any specific financial metrics or performance changes since the last period. As a result of these announcements, the company's shares have moved -0.1% on the market, and are now trading at a price of $17.48. Check out the company's full 8-K submission here.

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