Blackstone Real Estate Partners X to acquire Apartment Income REIT Corp. (AIR Communities)
Acquiring Company
Blackstone
Acquired Company
Apartment Income REIT
New YorkDenverFinancial ServicesReal EstateFinanceReal Estate InvestmentReal EstateHospitalityDescription
Apartment Income REIT Corp. (AIR Communities) has announced that Blackstone Real Estate Partners X will acquire the company. The acquisition involves an all-cash offer of $39.12 per share, with the transaction expected to be completed on or about June 28, 2024, subject to approval by the Company’s stockholders and the satisfaction or waiver of other customary closing conditions.
Quick answer
Blackstone is acquiring Apartment Income REIT, announced June 13, 2024. Blackstone is based in New York, New York, United States.
- How much did Blackstone pay for Apartment Income REIT?
- The deal value was not disclosed.
- 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.
Other recent acquisitions in Financial Services and Real Estate
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- KKR completes acquisition of Janney Montgomery Scott to expand wealth management portfolio (July 23, 2024)
- Blackstone Real Estate Partners X completes acquisition of Apartment Income REIT Corp. (AIR Communities) for $10 billion, $10B (June 28, 2024)
- The Milestone Group completes acquisition of Axis Delray Beach Apartments (June 27, 2024)
- Blackstone Real Estate and MRP Group extends 100% Cash Tender Offer for Terrafina (July 25, 2024)
- Patria Investments completes acquisition of Nexus Capital, expanding its Real Estate platform in Colombia (July 16, 2024)
- Blackstone Real Estate and Grupo MRP Increase Cash Public Acquisition Offer for Terrafina (June 28, 2024)
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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 June 13, 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 June 13, 2024. Apartment Income REIT Corp. (AIR Communities) has announced that Blackstone Real Estate Partners X will acquire the company. 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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