The Firm is representing Blackstone Real Estate Partners X in its acquisition of Retail Opportunity Investments Corp. in an all-cash transaction valued at approximately $4 billion. The transaction is expected to close in the first quarter of 2025, subject to customary closing conditions.
ROIC is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast. As of September 30, 2024, ROIC owned 93 shopping centers encompassing approximately 10.5 million square feet. ROIC is the largest publicly-traded, grocery-anchored shopping center REIT focused exclusively on the West Coast.
The Simpson Thacher team includes Brian Stadler, Matt Rogers, Jack Larkin, Arie Van Wijngaarden and Amy Zhou (M&A); Sasan Mehrara, Whitney Salinas, Ryan Kesselring, Lynnewood Shafer, Philip Titcomb and Yael Golan (Real Estate); Nancy Mehlman and Ed Grais (Tax); Andrew Blau, Kristy Fields, Scott Schilson and Danielle Villatoro (Executive Compensation); and Toby Chun (Environmental).