Blackstone's Rumored Buyout Of Retail Opportunity Is Auspicious For Shopping Centers
Blackstone(BX) Seeking Alpha·2024-07-31 17:43
Robert Daly Blackstone (BX) has long been underweight retail, having mostly bought single family rentals, apartments, industrial and data centers. On 7/30/24, Reuters published a report saying Blackstone is in preliminary discussions to acquire Retail Opportunity Investments Corp. (NASDAQ:ROIC). Shopping centers have had increasingly favorable fundamentals, as we wrote about here. It would seem private equity is starting to appreciate the sector. Given that Blackstone and other private equity are dramat ...