Acquiring Company
Blackstone
Acquired Company
Apartment Income REIT
New YorkDenverFinancial ServicesReal EstateFinanceReal Estate InvestmentReal EstateHospitalityDescription
Blackstone has announced its acquisition of Apartment Income REIT Corp, also known as AIR Communities, for $10 billion. The acquisition is a strategic move by Blackstone to take the real estate investment trust private and to invest in improving the multifamily properties in coastal markets. The deal reflects Blackstone's confidence in the recovery of the commercial real estate market.
Quick answer
Blackstone is acquiring Apartment Income REIT for $10 billion, announced April 8, 2024. Blackstone is based in New York, New York, United States.
- How much did Blackstone pay for Apartment Income REIT?
- The reported deal value is $10 billion.
- What does Blackstone do?
- Blackstone is one of the world's leading investment firms.
- Where are Blackstone and Apartment Income REIT based?
- Blackstone is based in New York, New York, United States. Apartment Income REIT is based in Denver, Colorado, United States.
- Who are the decision-makers at Blackstone?
- Fundz holds 4 contacts at Blackstone. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Apartment Income REIT?
Apartment Income REIT was acquired by Blackstone, based in New York. The deal was reported on April 8, 2024. Blackstone is one of the world's leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. Blackstone is publicly traded (BX) and operates in Financial Services.
When did Blackstone acquire Apartment Income REIT?
Blackstone's acquisition of Apartment Income REIT was reported on April 8, 2024. Blackstone has announced its acquisition of Apartment Income REIT Corp, also known as AIR Communities, for $10 billion. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Apartment Income REIT do?
Apartment Income REIT (AIR Communities) is a publicly traded, self-administered real estate investment trust. AIR’s portfolio comprises 77 communities totaling 27,385 apartment homes located in 10 states and the District of Columbia. It is privately held, operating in Real Estate, and is based in Denver.
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