Blackstone makes $10 billion bet on multifamily units

Friday, April 12th 2024, 9:03:12 pm
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(ZEROHEDGE) – Democrats are probably furious after reading The Wall Street Journal's headline announcing Blackstone's $10 billion acquisition of Apartment Income REIT, taking the company private. This move signals the firm's bullishness on the rental housing market, especially when rents are beginning to re-accelerate. Blackstone agreed to purchase AIR Communities for $39.12 a share, representing…
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