An affiliate of Blackstone Group LP acquired a 520-unit rental homes portfolio in West Oahu, Hawaii, for $211.5 million, Pacific Business News reported, citing public records.

Rockpoint Group LLC sold the three-phase Kalaeloa Rental Homes property to three ownership entities tied to BPP Kalaeloa Mezz LLC in a deal that closed May 2. Kalaeloa was previously the Barbers Point Naval Air Station, and the homes were military apartments.