The transaction involves a retail portfolio consisting of grocery-anchored retail properties located in key urban markets, specifically in Los Angeles, Seattle, San Francisco, and Portland. The total price for the acquisition is $4,000,000,000 for 10.5 million square feet, translating to a price per square foot of $380.

Summary of transaction details:

• Property Type: Retail (Grocery-anchored retail properties)
• Transaction Amount: $4,000,000,000
• Buyer: Stephen A. Schwarzman
• Buyer Agency: Blackstone
• Seller: Stuart Tanz
• Seller Agency: Retail Opportunity Investments Corp
• Total Square Footage: 10.5 million
• Price Per Square Foot: $380

Stephen A. Schwarzman, representing Blackstone, will acquire all outstanding common shares of Retail Opportunity Investments Corp., which is led by Stuart Tanz. The acquisition represents a strategic alignment in the retail sector, emphasizing a significant move by Blackstone into grocery-anchored properties valued at approximately $4 billion, inclusive of outstanding debt, under a definitive agreement.