Blackstone is ramping up its multifamily investments with the $10B acquisition of Apartment Income REIT Corp.
The private equity giant announced Monday that it would pay $39.12 per share in an all-cash transaction to acquire the publicly traded firm, also known as AIR Communities, at a 25% premium on the company's closing price Friday. Blackstone has agreed to assume all of AIR Communities’ debt along with its portfolio… Read the full story here. |