-

Blackstone Real Estate Income Trust Completes Acquisition of Simply Self Storage for Approximately $1.2 Billion

NEW YORK--(BUSINESS WIRE)--Blackstone Real Estate Income Trust, Inc. ("BREIT”) today announced that it has completed its previously announced acquisition of Simply Self Storage from a Brookfield Asset Management real estate fund for approximately $1.2 billion. Simply Self Storage’s high-quality portfolio comprises eight million square feet across the U.S. With this acquisition, BREIT becomes the third largest non-listed owner of storage in the U.S.1

Simpson Thacher & Bartlett LLP served as legal advisor to BREIT, and BofA Securities and Deutsche Bank Securities Inc. served as financial advisors to BREIT. RBC Capital Markets LLC, Newmark Group Inc., and Fried, Frank, Harris, Shriver & Jacobson LLP advised Brookfield.

The transaction was announced on October 26, 2020.

Blackstone Real Estate Income Trust 

Blackstone Real Estate Income Trust, Inc. (BREIT) is a perpetual-life, institutional quality real estate investment platform that brings private real estate to income focused investors. BREIT invests in stabilized, income-generating U.S. commercial real estate across key property types and to a lesser extent in real estate debt investments. BREIT is externally managed by a subsidiary of Blackstone (NYSE: BX), a global leader in real estate investing. Blackstone’s real estate business was founded in 1991 and has approximately $174 billion in investor capital under management. Further information is available at www.breit.com.

1 Includes private owners and non-listed REITs.

Contacts

Ilana Mouritzen
Ilana.Mouritzen@Blackstone.com
Tel: (212) 583-5776

Industry:

Blackstone Real Estate Income Trust, Inc.

NYSE:BX
Release Versions
English

Contacts

Ilana Mouritzen
Ilana.Mouritzen@Blackstone.com
Tel: (212) 583-5776

More News From Blackstone Real Estate Income Trust, Inc.

Anthropic, Blackstone, and Hellman & Friedman Introduce Ode with Anthropic, an Enterprise AI Services Firm

SAN FRANCISCO--(BUSINESS WIRE)--Today, Anthropic, Blackstone, and Hellman & Friedman introduced Ode with Anthropic (“Ode”), the AI services firm announced earlier this year, now launching under its official name and brand. Ode is a standalone company that combines Anthropic's frontier AI models, a team of experienced AI engineers and operators, and the backing of a consortium of leading investors. Alongside the founding partners, the investor consortium includes Goldman Sachs, General Atlan...

Blackstone Energy Transition Partners Announces Agreement to Acquire Dresser Utility Solutions from First Reserve

NEW YORK & HOUSTON--(BUSINESS WIRE)--Blackstone (NYSE: BX) today announced that funds managed by Blackstone Energy Transition Partners (“Blackstone”) have entered into a definitive agreement to acquire Dresser Utility Solutions (“Dresser”), a premier provider of mission-critical natural gas and water measurement, control and infrastructure equipment solutions, from First Reserve. This represents the first investment of the most recent vintage of Blackstone’s private equity energy transition veh...

Blackstone Launches SablePointe Credit Strategies to Expand Origination Capabilities Across Asset-Based Lending and Specialty Credit Markets

ALPHARETTA, Ga.--(BUSINESS WIRE)--Blackstone Credit & Insurance (“BXCI”) today announced the launch of SablePointe Credit Strategies (“SablePointe”), a new platform supporting origination, underwriting, and portfolio management in asset-based lending. SablePointe has hired James Garlick, former co‑founder of Wingspire, as President to lead its buildout and strategic growth. Headquartered in Alpharetta, Georgia, SablePointe will support BXCI as it sources, structures, and manages senior secu...
Back to Newsroom