Blackstone Acquisition of Retail Opportunity Investments Corp. Portfolio

San Diego, California, United States

Blackstone acquired Retail Opportunity Investments Corp. (ROIC) in February 2025 for $4 billion, adding 93 high-quality, grocery-anchored shopping centers to its portfolio. These properties span approximately 10.5 million square feet across densely populated West Coast markets, including Los Angeles, Seattle, San Francisco, and Portland. The portfolio is distinguished by its focus on necessity-based retail in prime metropolitan locations, benefiting from strong demand and limited new supply. The acquisition positions Blackstone as a leading owner of grocery-anchored retail centers in the region, with the assets now held privately.