EdR (NYSE: EDR) announced June 25 that it has agreed to be acquired by an affiliate of Greystar Real Estate Partners in an all-cash transaction valued at approximately $4.6 billion, including debt.

As part of the transaction, Blackstone Real Estate Income Trust, Inc. will acquire a portfolio of EdR’s off-campus student housing assets for $1.2 billion in a joint venture with Greystar. Blackstone will hold a 95 percent stake in the joint venture.

Source: RSS Reit

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