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. (ROIC) is a fully-integrated, self-managed real estate investment trust (REIT) that focuses on acquiring, owning, and managing grocery-anchored shopping centers in densely populated metropolitan areas on the West Coast [4]. - As of September 30, 2024, ROIC owned 93 shopping centers totaling approximately 10.5 million square feet, making it the largest publicly traded grocery-anchored shopping center REIT focused exclusively on the West Coast [4]. - ROIC is included in the S&P SmallCap 600 Index and holds investment-grade corporate debt ratings from Moody's, S&P Global Ratings, and Fitch Ratings [4].