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lackRock has agreed to acquire ElmTree Funds, a net-lease real estate investment firm with $7.3 billion in assets. The deal will merge ElmTree into BlackRock's Private Financing Solutions platform, which was established through its acquisition of HPS Investment Partners for $12 billion. Founded in 2011, ElmTree focuses on single-tenant, build-to-suit properties across the US, operating in 31 states.
