BlackRock, Inc. has announced a definitive agreement to acquire ElmTree Funds, a net-lease real estate investment firm managing $7.3 billion in assets as of March 31, 2025. The acquisition will involve upfront consideration primarily in stock, with additional potential consideration based on ElmTree's performance over the next five years. James Koman, ElmTree's CEO, will continue to lead the investment strategies, highlighting the strategic fit with BlackRock and the potential to meet market demand. The transaction is anticipated to close in the third quarter of 2025, pending regulatory approvals and customary conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Blackrock Health Sciences Trust published the original content used to generate this news brief via Business Wire (Ref. ID: 20250706078813) on July 07, 2025, and is solely responsible for the information contained therein.