BlackRock Inc. has agreed to acquire a real estate investment firm managing approximately $7.3 billion in assets, according to people familiar with the matter. The deal marks a strategic push by the world’s largest asset manager to deepen its presence in the real estate sector amid shifting investor demand for alternative assets.
While the name of the target firm has not been officially disclosed, sources indicate the acquisition will enhance BlackRock’s capabilities in managing commercial and residential property portfolios across key markets.
The transaction underscores BlackRock’s broader effort to diversify its investment offerings beyond traditional stocks and bonds, as clients increasingly seek exposure to income-generating assets in a volatile rate environment. The deal is expected to close later this year, pending regulatory approvals.
Neither BlackRock nor representatives of the target firm have commented publicly on the acquisition.
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