Blackstone (BX) Q1 2024 Earnings Call Transcript
BX earnings call for the period ending March 31, 2024.
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BX earnings call for the period ending March 31, 2024.
Under the deal, Blackstone will pay $39.12 for each share of the real estate investment trust, representing a premium of about 25% to its closing price on Friday. Shares of the REIT jumped about 23%.
Air Communities owns 76 rental communities, totaling just over 27,000 apartment units, across 10 states and Washington, D.C.
Blackstone is taking the REIT private for $39.12 a share, the investment giant's biggest multifamily transaction, The Wall Street Journal said.
Two Northwest D.C. apartment complexes discriminated against potential residents, according to a lawsuit filed in D.C. Superior Court.