The Firm is representing Blackstone in connection with its acquisition of 49 retail properties from RioCan Real Estate Investment Trust for a total purchase price of $1.9 billion. The portfolio consists of grocery anchored shopping centers and power shopping centers in Connecticut, Massachusetts, Maryland, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Texas, Virginia and West Virginia. The transaction is expected to close in April 2016.
The Simpson Thacher team includes Erik Quarfordt, Patrick Dowd, Michael Goldberg, Leanne Welds, Derrick Sutter, Ryan Issa and Kathryn Christoforatos (Real Estate); Jeanne Annarumma and Andrew Blau (Executive Compensation and Employee Benefits); and Nancy Mehlman, Taylor Alexander and Michael Badain (Tax).