BREIT 2017 Annual Report

69 Acquisitions of Real Estate During the year ended December 31, 2017, we invested $3.6 billion in real estate investments consisting of 92 wholly-owned properties and 23 properties through five joint ventures. The following table provides information regarding our portfolio of real properties as of December 31, 2017: Sector and Property/Portfolio Name Number of Properties Location Acquisition Date Ownership Interest (1) Acquisition Price (in thousands) (2) Sq. Feet (in thousands)/ Number of Rooms/Units Occupancy Rate (3) Multifamily: TA Multifamily Portfolio 6 Various (4) Apr. 2017 100% $ 432,593 2,514 units 95% Aston Multifamily Portfolio 12 Various (4) Nov. 2017 90% 381,445 3,301 units 94% Emory Point 1 Atlanta, GA May 2017 100% 201,578 750 units 96% Nevada West Multifamily 3 Las Vegas, NV May 2017 100% 170,965 972 units 90% ACG II Multifamily 4 Various (5) Sept. 2017 94% 148,038 932 units 94% Gilbert Multifamily 2 Gilbert, AZ Sept. 2017 90% 147,039 748 units 92% Harbor 5 Multifamily 5 Dallas, TX Aug. 2017 100% 146,161 1,192 units 95% Olympus Multifamily 3 Jacksonville, FL Nov. 2017 95% 142,129 1,032 units 91% Signature at Kendall Multifamily 1 Miami, FL Dec. 2017 100% 139,468 546 units 67% Domain & GreenVue Multifamily 2 Dallas, TX Sept. 2017 100% 134,452 803 units 78% Walden Pond & Montair Multifamily Portfolio 2 Everett, WA & Thorton, CO Dec. 2017 95% 127,819 635 units 94% Talavera and Flamingo Multifamily 2 Las Vegas, NV Dec. 2017 100% 115,427 674 units 95% Elysian West Multifamily 1 Las Vegas, NV July 2017 100% 107,027 466 units 90% Amberglen West Multifamily 1 Hillsboro, OR Nov. 2017 100% 95,035 396 units 75% Mountain Gate & Trails Multifamily 2 Las Vegas, NV June 2017 100% 83,572 539 units 93% Sonora Canyon Apartments 1 Mesa, AZ Feb. 2017 100% 40,983 388 units 90% Total Multifamily 48 2,613,731 15,888 units Industrial: HS Industrial Portfolio 38 Various (4) Apr. 2017 100% 405,930 5,972 sq. ft. 95% Southeast Industrial Portfolio 5 Various (6) Nov. 2017 100% 116,487 1,927 sq. ft. 90% Fairfield Industrial Portfolio 11 Fairfield, NJ Sept. 2017 100% 74,283 578 sq. ft. 100% Stockton Industrial Park 1 Stockton, CA Feb. 2017 100% 32,751 878 sq. ft. 91% Total Industrial 55 629,451 9,355 sq. ft. Hotel: Boston/Worcester Select-Service 3-Pack 3 Boston & Worcester, MA Oct. 2017 100% 81,762 374 rooms 77% Hyatt Place San Jose Downtown 1 San Jose, CA June 2017 100% 65,321 236 rooms 81% Florida Select-Service 4-Pack 4 Tampa & Orlando, FL July 2017 100% 58,973 469 rooms 73% Hyatt House Downtown Atlanta 1 Atlanta, GA Aug. 2017 100% 35,332 150 rooms 75% Hyatt Place UC Davis 1 Davis, CA Jan. 2017 100% 32,687 127 rooms 84% Total Hotel 10 274,075 1,356 rooms Retail: Bakers Centre 1 Philadelphia, PA Mar. 2017 100% 54,223 237 sq. ft. 95% Plaza Del Sol Retail 1 Burbank, CA Oct. 2017 100% 45,898 166 sq. ft. 100% Total Retail 2 100,121 403 sq. ft. Total Investments in Real Estate 115 $ 3,617,378 (1) Certain of the joint venture agreements entered into by BREIT provide the other partner a profits interest based on certain internal rate of return hurdles being achieved. (2) Purchase price is inclusive of acquisition-related costs. (3) The occupancy rate is as of December 31, 2017 for non-hotels. The occupancy rate for our hotel investments is the average occupancy rate from the date of acquisition to December 31, 2017. (4) See property description below for geographical breakdown. (5) The ACG II Multifamily Portfolio consists of four garden style properties in Modesto, CA, Olympia, WA, Flagstaff, AZ and Gilbert, AZ. (6) The Southeast Industrial Portfolio consists of five industrial properties located in the following three submarkets: Jacksonville, FL, Nashville, TN, and Atlanta, GA.