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Stocks rebounded from an early slide to finish Wednesday's trading mixed, after the release of minutes from the last Federal Reserve meeting sparked a rally in the afternoon. Traders interpreted the minutes as lowering the chances of a 50-basis-point rate hike at the Fed's next meeting. While...
Preferred Apartment (NYSE:APTS) rose 11% and closed at $25.80, above its announced $25/share sale to Blackstone (NYSE:BX) at least partly on some expectations that it could get a higher bid in its go-shop period. "At a 3.5% apartment cap rate and a 5.5% retail cap rate, we est...
Preferred Apartment Communities (NYSE:APTS) trades 7.6% higher premarket after it entered into a definitive agreement with Blackstone's (NYSE:BX) Real Estate Income Trust wherein the latter will acquire all outstanding shares of the former for $25/share in an all-cash transacti...
HOOKIPA Pharma HOOK +43% on amended agreement with Gilead. Team (NYSE:TISI) +22%. Upstart Holdings UPST +22% on Q4 results. Vinco Ventures (NASDAQ:BBIG) +10% completes acquisition of AdRizer, an AI-powered revenue attribution and audience acquisition ad platform. Lilium N....
All-Cash Transaction For $25 Per Share of Common Stock Valued at Approximately $5.8 Billion Preferred Apartment Communities (NYSE: APTS) ("PAC" or the "Company") today announced that it has entered into a definitive agreement with Blackstone Real Estate Income Trust,...
As the trend to buy new houses continues, the residential REIT industry is expected to benefit. In addition, since growing concerns over high inflation and looming interest rate hikes could keep the overall stock market highly volatile in the near term, residential REITs Preferred Apartment (...
U.S. equity markets declined on another volatile week as red-hot inflation data and amplified tensions on the Russia/Ukraine border reversed early-week gains while data showed consumer confidence dipping to decade-lows. Ending the week with a volatile two-day skid, the S&P 500 fin...
Apartment REITs are trading primarily in the red even after January rent inflation jumped to roughly pre-pandemic levels. With a few exceptions, apartment REITs, such as Equity Residential (EQR -1.8%), AvalonBay Communities (AVB -1.3%), Bluercock Residential (BRG +0.0%), Camd...
Gainers: Grab (NASDAQ:GRABW) +22%, Lufax (NYSE:LU) +18%, Grab (NASDAQ:GRAB) +17%, Reliance Global (NASDAQ:RELI) +16%, Preferred Apartment Communities (NYSE:APTS) +16%. Losers: Consumer Portfolio Services (NASDAQ:CPSS) -9%, Credit Suisse (...
Preferred Apartment Communities (NYSE:APTS) soared 18% after a report late Wednesday that the apartment REIT is said to be evaluating a full or potential sale after getting takeover interest. APTS, a REIT which owns retail and multifamily properties, is in the early stages of c...
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Blackstone (NYSE: BX) and Preferred Apartments Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) today announced that Blackstone Real Estate Income Trust, Inc. (“BREIT”) has completed its previously announced acquisition of PAC for $25.00 ...
Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) announced that, at the reconvened special meeting of stockholders (the “Special Meeting”) held today, its stockholders approved the acquisition of PAC by Blackstone Real...
Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC”) today announced that independent proxy advisory firm Egan-Jones Proxy Services has recommended that PAC stockholders vote “ FOR ” the previously announced all-cash acquisition of PAC by Blackstone...