BREIT 2017 Annual Report

F-13 During the year ended December 31, 2017, the Company acquired interests in 27 real estate investments, which were comprised of 55 industrial, 48 multifamily, 10 hotel, and 2 retail properties. As of December 31, 2016, the Company had not commenced its principal operations and had not acquired any real estate investment properties. The following table provides further details of the properties acquired during the year ended December 31, 2017 ($ in thousands): Investment Ownership Interest (1) Number of Properties Location Sector Acquisition Date Purchase Price (2) Hyatt Place UC Davis (3) 100% 1 Davis, CA Hotel Jan. 2017 $ 32,687 Sonora Canyon Apartments 100% 1 Mesa, AZ Multifamily Feb. 2017 40,983 Stockton Industrial Park 100% 1 Stockton, CA Industrial Feb. 2017 32,751 Bakers Centre 100% 1 Philadelphia, PA Retail Mar. 2017 54,223 TA Multifamily Portfolio 100% 6 Various (4) Multifamily Apr. 2017 432,593 HS Industrial Portfolio 100% 38 Various (5) Industrial Apr. 2017 405,930 Emory Point (3) 100% 1 Atlanta, GA Multifamily (6) May 2017 201,578 Nevada West Multifamily 100% 3 Las Vegas, NV Multifamily May 2017 170,965 Hyatt Place San Jose Downtown 100% 1 San Jose, CA Hotel June 2017 65,321 Mountain Gate & Trails Multifamily 100% 2 Las Vegas, NV Multifamily June 2017 83,572 Elysian West Multifamily 100% 1 Las Vegas, NV Multifamily July 2017 107,027 Florida Select-Service 4-Pack 100% 4 Tampa & Orlando, FL Hotel July 2017 58,973 Hyatt House Downtown Atlanta 100% 1 Atlanta, GA Hotel Aug. 2017 35,332 Harbor 5 Multifamily 100% 5 Dallas, TX Multifamily Aug. 2017 146,161 Gilbert Multifamily 90% 2 Gilbert, AZ Multifamily Sept. 2017 147,039 Domain & GreenVue Multifamily 100% 2 Dallas, TX Multifamily Sept. 2017 134,452 Fairfield Industrial Portfolio 100% 11 Fairfield, NJ Industrial Sept. 2017 74,283 ACG II Multifamily Portfolio 94% 4 Various (7) Multifamily Sept. 2017 148,038 Plaza Del Sol Retail 100% 1 Burbank, CA Retail Oct. 2017 45,898 Boston/Worcester Select-Service 3-Pack 100% 3 Boston & Worcester, MA Hotel Oct. 2017 81,762 Southeast Industrial Portfolio 100% 5 Various (8) Industrial Nov. 2017 116,487 Olympus Multifamily 95% 3 Jacksonville, FL Multifamily Nov. 2017 142,129 Aston Multifamily Portfolio 90% 12 Various (9) Multifamily Nov. 2017 381,445 Amberglen West Multifamily 100% 1 Hillsboro, OR Multifamily Nov. 2017 95,035 Talavera and Flamingo Multifamily 100% 2 Las Vegas, NV Multifamily Dec. 2017 115,427 Walden Pond & Montair Multifamily Portfolio 95% 2 Everet, WA and Thornton, CO Multifamily Dec. 2017 127,819 Signature at Kendall Multifamily 100% 1 Miami, FL Multifamily Dec. 2017 139,468 115 $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 Hyatt Place UC Davis and Emory Point are each subject to a ground lease. The Emory Point ground lease was prepaid by the seller and is recorded as a component of Other Assets on the Company’s Consolidated Balance Sheets. (4) The TA Multifamily Portfolio consists of a 32-floor property in downtown Orlando (“55 West”) and five garden style properties located in the suburbs of Palm Beach Gardens, Orlando, Chicago, Dallas and Kansas City. (5) The HS Industrial Portfolio consists of 38 industrial properties located in six submarkets, with the following concentration based on square footage: Atlanta (38%), Chicago (23%), Houston (17%), Harrisburg (10%), Dallas (10%) and Orlando (2%). (6) Emory Point also includes 124,000 square feet of walkable retail space. (7) The ACG II Multifamily Portfolio consists of four garden style properties in Modesto, CA, Olympia, WA, Flagstaff, AZ and Gilbert, AZ. (8) The Southeast Industrial Portfolio consists of 5 industrial properties located in Jacksonville, FL, Nashville, TN and Atlanta, GA. (9) The Aston Multifamily Portfolio consists of 12 multifamily properties located in five markets: Austin, San Antonio, and Dallas/Fort Worth, TX, Nashville, TN and Louisville, KY.