Retail Opportunity Investments Corp. Stockholders Approve Acquisition by Blackstone Real Estate

Core Viewpoint - Retail Opportunity Investments Corp. (ROIC) has received approval from its stockholders for an all-cash acquisition by Blackstone Real Estate Partners X at a price of $17.50 per share, with the transaction expected to close around February 12, 2025, pending customary closing conditions [1][3]. Company Overview - Retail Opportunity Investments Corp. (NASDAQ: ROIC) is a self-managed real estate investment trust (REIT) focused on grocery-anchored shopping centers in densely populated metropolitan areas on the West Coast. As of September 30, 2024, ROIC owned 93 shopping centers totaling approximately 10.5 million square feet [4]. - ROIC is the largest publicly traded grocery-anchored shopping center REIT exclusively focused on the West Coast and is a member of the S&P SmallCap 600 Index, holding investment-grade corporate debt ratings from Moody's, S&P, and Fitch [4]. Acquisition Details - The acquisition agreement stipulates that Blackstone affiliates will acquire all outstanding shares of ROIC for $17.50 per share, with the transaction anticipated to be completed on or about February 12, 2025, subject to the satisfaction or waiver of customary closing conditions [3]. - Final vote results from the special meeting of stockholders will be reported in a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission (SEC) [2].