Blackstone Funds Complete $13 Billion Acquisition Of American Campus Communities
Acquiring Company
Blackstone
Acquired Company
American Campus Communities
New YorkAustinFinancial ServicesReal EstateFinanceReal Estate InvestmentReal EstateHospitalityConstructionDescription
Blackstone (NYSE: BX) today announced that Blackstone Core+ perpetual capital vehicles, primarily comprising Blackstone Real Estate Income Trust, Inc. (“BREIT”) and Blackstone Property Partners (“BPP”), have completed the previously announced acquisition of all of the outstanding shares of common stock of American Campus Communities, Inc. (“ACC”), the largest developer, owner and manager of high-quality student housing communities in the United States, for approximately $12.8 billion, including the assumption of debt.
Quick answer
Blackstone is acquiring American Campus Communities for $13 billion, announced August 9, 2022. Blackstone is based in New York, New York, United States.
- How much did Blackstone pay for American Campus Communities?
- The reported deal value is $13 billion.
- What does Blackstone do?
- Blackstone is one of the world's leading investment firms.
- Where are Blackstone and American Campus Communities based?
- Blackstone is based in New York, New York, United States. American Campus Communities is based in Austin, Texas, 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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- Vinci Partners Announces Launch Of New Special Situations Segment With The Acquisition Of Sps Capital (July 28, 2022)
- Angelo Gordon And Westmont Hospitality Group Acquire Room Mate (July 21, 2022)
- Bankfirst Capital Corporation To Acquire Mechanics Banc Holding Company And Mechanics Bank (September 1, 2022)
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Frequently asked
Who acquired American Campus Communities?
American Campus Communities was acquired by Blackstone, based in New York. The deal was reported on August 9, 2022. 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 American Campus Communities?
Blackstone's acquisition of American Campus Communities was reported on August 9, 2022. Blackstone (NYSE: BX) today announced that Blackstone Core+ perpetual capital vehicles, primarily comprising Blackstone Real Estate Income Trust, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does American Campus Communities do?
American Campus Communities, Inc. is the largest owner, manager and developer of high-quality student housing communities in the United States. It is privately held, operating in Real Estate, and is based in Austin.
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