HAUS - Why Apartment Income REIT Shares Are Rocketing Today | Benzinga
Apartment Income REIT Corp. (NYSE:AIRC) shares are trading higher after it inked a deal with Blackstone Inc. (NYSE:BX) to be taken private.
In particular, Blackstone Real Estate Partners X entered into a definitive agreement to acquire AIR Communities in an all-cash transaction valued at about $10 billion, including the assumption of debt.
The purchase price of $39.12 per share represents a premium of 25% to Apartment Income Communities’ closing share price on the NYSE on April 5, 2024, the last trading day before the announcement.
The purchase price represents ...