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Blackstone Real Estate Completes Privatization of Tricon

Blackstone Remains Committed to Tricon’s Development Platform, including $1 Billion Pipeline of New Single-Family Homes in the U.S. and $2.5 Billion Pipeline of New Apartments in Canada; Plans to Improve Quality of Existing U.S. Single-Family Homes through an Additional $1 Billion of Capital Projects All financial and share price-related information is presented in U.S. dollars […]

Blackstone to Acquire Tropical Smoothie Cafe to Propel Leading Franchisor’s Continued Expansion

Blackstone announced today that private equity funds managed by Blackstone (“Blackstone”) have entered into a definitive agreement to acquire Tropical Smoothie Cafe, a leading franchisor of fast casual restaurants, from Levine Leichtman Capital Partners. This would be the first transaction from Blackstone’s most recent vintage of its flagship private equity vehicle, and is intended to help accelerate Tropical Smoothie Cafe’s already-rapid expansion through continued investment in menu innovation, operating excellence, and best-in-class marketing.

Blackstone Credit & Insurance to Provide Financing For Bernhard Capital Partners’ Acquisition of CenterPoint Energy’s Louisiana and Mississippi Natural Gas Distribution Operations

Blackstone Credit & Insurance, Jefferies, Scotiabank, and Bernhard Capital Partners, today jointly announced that Blackstone has provided debt financing commitments for Delta Utilities, a portfolio company of Bernhard Capital Partners, to acquire CenterPoint Energy, Inc.’s regulated natural gas distribution operations in both Louisiana and Mississippi.

Blackstone Real Estate to Take AIR Communities Private for Approximately $10 Billion

Plans to Invest More Than $400 Million to Maintain and Improve Existing Portfolio, Illustrating Commitment to Delivering a Leading Resident Experience NEW YORK & DENVER – April 8, 2024 – Blackstone (NYSE: BX) and Apartment Income REIT Corp. (NYSE: AIRC) (“AIR Communities” or the “Company”) today announced that they have entered into a definitive agreement […]

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