The Blackstone Group (BX) PT Lowered to $146 at Piper Sandler, 'could be nearing an inflection point'

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Go back to The Blackstone Group (BX) PT Lowered to $146 at Piper Sandler, 'could be nearing an inflection point'

Blackstone Real Estate to Take AIR Communities Private for Approximately $10 Billion

April 8, 2024 8:32 AM EDT

Plans to Invest More Than $400 Million to Maintain and Improve Existing Portfolio, Illustrating Commitment to Delivering a Leading Resident Experience

NEW YORK & DENVER--(BUSINESS WIRE)-- Blackstone (NYSE: BX) and Apartment Income REIT Corp. (NYSE: AIRC) (AIR Communities or the Company) today announced that they have entered into a definitive agreement under which Blackstone Real Estate Partners X (Blackstone) will acquire all outstanding common shares of AIR Communities for $39.12 per share in an all-cash transaction valued at approximately $10 billion, including the assumption of debt.

The... More