Blackstone’s BREIT to Acquire $1.2 Billion EdR Student Housing Portfolio in a Joint Venture with Greystar

NEW YORK (June 25, 2018) - Blackstone Real Estate Income Trust, Inc. (“BREIT”) announced today an agreement to acquire the EdR Student Housing Portfolio (the “Portfolio”), with 10,500 beds across 20 assets, for $1.2 billion, in a 95%/5% BREIT-led joint venture with Greystar Real Estate Partners (“Greystar”). The transaction will be completed in conjunction with […]