UC Investments to Invest Additional $500 Million in BREIT Common Shares
01.26.23
This is only gets display when printing
The Firm is representing Blackstone Real Estate Income Trust in a $500 million investment in BREIT Class I common shares by the Regents of the University of California (“UC Investments”). This follows the $4 billion investment by UC Investments into BREIT announced on January 3, 2023. In connection with the investment, Blackstone and UC Investments expanded their long-term strategic venture. Blackstone will contribute an incremental $125 million of its current BREIT holdings into the strategic venture.
The Simpson Thacher team includes Brian Stadler, Matt Rogers and James Crisp (M&A); Sas Mehrara (Real Estate); Ben Wells, Daniel Honeycutt and Alexa Shockley (Registered Funds); Mimi Cheng, Thomas Howland and Jonathan Pall (Credit); Nancy Mehlman (Tax); Josh Bonnie and Edgar Lewandowski (Capital Markets); Jonathan Lindabury (Derivatives); and Jennifer Nadborny (Public Company Advisory Practice).