Blackstone completed the acquisition of Apartment Income REIT for $10bn.

Blackstone, an American alternative investment management company, completed the acquisition of 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.