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April 8, 2024

Blackstone To Buy Apartment REIT For $10B

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Blackstone is ramping up its multifamily investments with the $10B acquisition of Apartment Income REIT Corp. 

Blackstone To Buy Apartment REIT For $10B

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…

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Meridian Debt Brokers On The Move To Expand Rival's Finance Platform

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Two Meridian Capital Group directors are jumping ship to Ripco Real Estate’s expanding debt platform. Adam Hakim and James Murad have joined Ripco's debt and structured finance team as executive managing director and…

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Public Advocate Arrested Outside REBNY HQ For Good Cause Protest

Public Advocate Arrested Outside REBNY HQ For Good Cause Protest

New York City Public Advocate Jumaane Williams and 12 tenant advocates were arrested Thursday afternoon during a protest outside the headquarters of the Real Estate Board of New York.Williams and around 200 protesters from tenant group Housing Justice…

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