The deal gives the investment firm $7.3 billion in assets as it attempts to broaden its holdings of private assets, following BlackRock’s announcement last week of a new all-in-one 401(k) target date fund with private equity.

The commercial net lease company holds investments in 122 properties across more than half of the country’s states.

BlackRock is set to acquire ElmTree, a real estate firm with $7.3 billion in assets. The deal, primarily stock-based, will integrate ElmTree into BlackRock’s Private Financing Solutions, allowing for market expansion.