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BlackRock to Acquire ElmTree Funds for $7.3 Billion

7/8/2025

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Summary

Story summary

BlackRock is set to acquire ElmTree Funds, a real estate firm managing $7.3 billion in assets.
The acquisition, mainly stock-based, is anticipated to finalize in Q3 2023.
ElmTree oversees 122 properties across 31 U.S. states, strengthening BlackRock's Private Financing Solutions platform.
ElmTree's CEO, James Koman, will remain at the helm of investment strategies after the acquisition.

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Story summary

BlackRock is set to acquire ElmTree Funds, a real estate firm managing $7.3 billion in assets.
The acquisition, mainly stock-based, is anticipated to finalize in Q3 2023.
ElmTree oversees 122 properties across 31 U.S. states, strengthening BlackRock's Private Financing Solutions platform.
ElmTree's CEO, James Koman, will remain at the helm of investment strategies after the acquisition.