Announced
Financials
Tags
Pending
Majority
Acquisition
affordable housing
Real Estate
Friendly
United States
Private Equity
Real Estate Holding and Development
Private
Single Bidder
Domestic
Synopsis
Blackstone agreed to acquire an affordable housing portfolio of American International Group, a global insurance organization, for $5.1bn. “These communities provide critical affordable housing and we look forward to being long-term owners. We will make significant investments to improve the apartments while ensuring they remain affordable and in compliance with all rent regulations. We are committed to working with our partners in this sector to expand the supply of affordable housing,” Kathleen McCarthy, Blackstone Global Co-Head of Real Estate.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.