Blackrock to acquire elmtree funds for $7.3 billion in assets
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BlackRock to Acquire ElmTree Funds
July 7, 2025 7:00 AM EDTNEW YORK & ST. LOUIS--(BUSINESS WIRE)-- BlackRock, Inc. (NYSE: BLK) announced today that it has entered into a definitive agreement to acquire ElmTree Funds (ElmTree), a net-lease real estate investment firm with $7.3 billion in total assets under management as of March 31, 2025. Upfront consideration will be paid primarily in stock, with the potential for additional consideration subject to ElmTree performance over the next five years. Additional financial details were not disclosed.
Founded in 2011, ElmTree is a recognized leader in the commercial net-lease sector, with a focus on single tenant, build-to-suit real estate assets that are... More
