Blackstone real estate to take air communities private for approximately $10 billion

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 purchase price represents a premium of 25% to.
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