Announced
Financials
Tags
Acquisition
United States
residential real estate
Residential REITs
Domestic
Majority
Private Equity
Public
Privatisation
Pending
Friendly
Single Bidder
Synopsis
Blackstone, an American alternative investment management company, agreed to acquire Apartment Income REIT, a publicly traded, self-administered real estate investment trust, for $10bn. “I am proud of the AIR team and its remarkable culture. The transaction will strengthen the AIR mission to provide homes for others, be a great place to work, act as responsible stewards of AIR communities, and be a trusted partner to AIR investors. The business the AIR team has built will be improved and expanded by collaboration with Blackstone and a shared focus on serving residents and investing wisely. The AIR team is grateful to Blackstone for the opportunity and for its faith in what can be accomplished working together,” Terry Considine, AIR Communities President & CEO.
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