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Blackstone's largest multifamily deal, valued at $10 billion, is the acquisition of Apartment Income REIT (AIR Communities). This signals Blackstone's return to investing in multifamily properties after a pause due to higher interest rates. The acquisition, at $39.12 per share, showcases Blackstone's confidence in stable rates and commitment to quality assets. With 76 properties and over 27,000 units, primarily in coastal markets, the deal strengthens Blackstone's presence in the multifamily sector amid market uncertainties. #Blackstone #MultifamilyDeal #RealEstateInvesting #PropertyAcquisition #InvestmentStrategy #CoastalMarkets

Blackstone's recent move to take Apartment Income REIT AIR private has caught the attention of many analysts. With Blackstone recently taking Tricon Residential private, some believe this is a signal that interest rates are stabilizing and access to capital has improved. Blackstone seems to be focusing its efforts on rental housing and this move appears to be in line with that strategy. The timing of Moody's Dr. Thomas LaSalvia's recent prediction of a rate cut of up to 75 BPS this year is also noteworthy. Many firms are bullish on SFR/BTR this year and beyond. #RealEstate #RentalHousing #RateCut #SFR #BTR #LendingOnePrivateClientGroup #LendingOne

While we’ve done dozens of development deals in the past few years, we’re excited to announce our first property purchase since February 2020: the impending acquisition of a 300-unit garden-style multifamily property in suburban Dallas.     In today’s Bisnow article, Origin Co-CEO David Scherer discusses the impact of recent high-profile transactions by investment giants like KKR and Blackstone. With stabilized interest rates and strong fundamentals, multifamily demand is set to outpace supply. Read the article here: https://bit.ly/3XIGcFY #realestate #multifamilyinvestments #markettrends 

Blackstone's Multifamily Investment in AIR Communities: Seizing Opportunities 💼 Blackstone acquires upscale apartment owner AIR Communities (AIRC) for $10 billion, signaling a return to aggressive investments in real estate. Key Points: 🏢 Acquisition of AIR Communities includes 76 rental housing communities primarily in coastal markets. 💰 Blackstone plans to invest an additional $400 million to enhance the properties. 📈 Largest transaction in the multifamily market for Blackstone, showcasing bullishness on rental housing and commercial real estate. Investment Strategy: 🔍 Blackstone sees signs of real estate recovery and believes in seizing opportunities during uncertain times. 💡 Recent investments include acquiring a stake in a $17 billion loan portfolio and forming ventures in data centers and single-family rental homes. Transaction Details: 💲 Acquisition price of $39.12 per share, a 25% premium to AIR Communities' closing share price. 💼 Transaction valued at about $10 billion, including debt assumption, to be completed in the third quarter. Outlook: 🏘 Blackstone views multifamily and rental housing as promising segments despite challenges like new supply and higher interest rates. 📈 Markets in AIR Communities' portfolio show resilience compared to others, making it an attractive investment opportunity. Conclusion: 🔄 Blackstone's move reflects confidence in real estate markets and a strategic approach to capitalize on emerging opportunities in multifamily properties. https://lnkd.in/ge-Y3hax

Investing in multifamily real estate appears increasingly attractive in todays market. With rising demand for rental properties and the potential for significant returns, savvy investors are recognizing the value in strategic acquisitions, especially in value-add opportunities. Amidst economic fluctuations, those who conduct thorough analyses and remain adaptable can navigate challenges effectively. #realestate #investing

Leslie Shaver, Multifamily Dive. Blackstone, a New York City-based investment manager, and Apartment Income REIT Corp. (AIR), based in Denver, announced an agreement for Blackstone Real Estate Partners X to acquire all AIR's outstanding common shares for approximately $10 billion, including debt assumption. Blackstone, the world's largest commercial real estate owner, is buying AIR at $39.12 per share, a 25% premium over its closing price on April 5, 2024. AIR's portfolio includes 27,010 units across 76 rental communities, primarily in coastal markets like Miami, Los Angeles, Boston, and Washington, D.C. Blackstone plans to invest over $400 million in these properties for maintenance and improvement, with potential for further investment for growth. Blackstone, with $337 billion of U.S. investor capital under management, has previously acquired apartment firms including American Campus Communities, Preferred Apartment Communities, and Resource REIT. Nadeem Meghji, Blackstone Real Estate's global co-head, highlighted AIR's portfolio as exceptionally high-quality. AIR has operated independently since 2020 after spinning off from Aimco. Terry Considine, Aimco's founder, led AIR post-separation. The deal comes after a period of low merger-and-acquisition activity in the apartment market. MSCI Real Assets notes this transaction could indicate a recovery from COVID-related shocks and potentially inspire more deals in the sector, as public markets have undervalued apartments relative to private valuations. #blackstone #realestateinvestment #apartmentincome #airreit #multifamilyhousing #commercialrealestate #propertyacquisition #coastalmarkets #investmentmanagement #rentalcommunity #realestateportfolio #marketexpansion #propertyimprovement #housingmarket #realassets #sectorrecovery #propertydeals #apartmentsector #institutionalinvestment #marketvaluation

Blackstone's Back! In Sugi's 2024 outlook published last week, we highlighted that conditions were ripe for M&A in the REIT market. In a game-changing $3.5 billion deal, Blackstone Real Estate Partners X, together with BREIT, acquired Tricon Residential, publicly-traded owners of ~37,000 single-family rental homes in the U.S. Sun Belt and multifamily apartments in Canada. This strategic purchase at US$11.25 per share represents a 30% premium to last close, highlighting significant value in certain public REITs. We expect more to come as 2024 unfolds. #RealEstate #Acquisition #Blackstone #TriconResidential #MarketImpact https://lnkd.in/eZgrweAi

$3.5B for BTR. #TuesdayCRE #CommercialRealEstate #CommercialDebt #CommercialInsurance After Blackstone raised its biggest real estate fund in its history last year, it is putting billions of that funding toward taking a publicly traded single-family rental developer private. Blackstone, through the Blackstone Real Estate Partners X fund and its Blackstone Real Estate Income Trust, has reached a deal to purchase Tricon Residential for $11.25 per share, or $3.5B in cash, the firms announced Friday. The price amounts to a 30% premium on Tricon’s Jan. 18 closing price on the New York Stock Exchange. The transaction is expected to close in the second quarter and will give Blackstone control of 38,000 single-family rental homes in the Sun Belt as well as apartment developments in Toronto, according to a release. #SourcingAndSelling #SellingAndSourcing #Retwit #2024 ~ Contact Us for Commercial Investments, Financing and Insurance. Multifamily, Industrial, Hotels, Office, Retail, Development Sites, Plus. #ListWithLance #LanceLoans #LetLanceInsureYou #CRE #Owners #InvestmentProperties #Multifamily #Industrial #Hospitality #Retail #Development #Construction #Commercial #CommercialTransactions #CommercialFinance #CommercialInsurances #CommercialTitleAndClosing #CommercialProp https://lnkd.in/g5WR5SJ3

Blackstone Goes Big: $10B Investment in Multifamily Housing! Blackstone is making waves in the multifamily market with its latest move. Acquiring AIR Communities for a whopping $10 billion, it's their biggest bet yet in the sector. 🏘️💸 This all-cash deal showcases Blackstone's confidence in the rental housing market, particularly in coastal hubs like Boston, Los Angeles, and Miami. And with a promise of a $400 million investment to enhance existing properties, they're not just stopping at acquisition - they're planning to further develop apartment living standards! Seems like Blackstone is strategically positioning itself for future success, especially with their capital backing and the anticipation of a slowdown in interest rate hikes. 📈💼 #MultifamilyInvestments #Multifamily

Blackstone to take Apartment Income REIT private in $10 bln deal. Blackstone announces plan to take private rental housing firm Apartment Income REIT for $10 billion, including debt. Each share of AIR Communities will be bought at $39.12, marking a 25% premium over Friday's closing price; shares surged by approximately 23%. Blackstone's strategic move reflects its focus on rental housing amid expectations of declining apartment supply in the U.S. AIR Communities holds a diversified portfolio across Eastern and Western coastal markets, with robust multifamily fundamentals. Nadeem Meghji, Global Co-Head of Blackstone Real Estate, emphasizes AIR Communities as the highest-quality apartment portfolio acquired by Blackstone. AIR Communities reported a 6.2% increase in same-store rental revenue in Q4, surpassing growth rates of other publicly listed REITs like Mid-America Apartments and Equity Residential. Blackstone plans to invest an additional $400 million to enhance the 76 rental housing communities acquired. Blackstone Real Estate Income Trust, despite turbulence in late 2022, outperformed non-listed peers by 600 basis points in 2023. The deal follows Blackstone's agreement in January to acquire Canadian single-family rental housing firm Tricon Residential. Blackstone's real estate portfolio, valued at $586 billion, underscores its substantial presence in the market. #REIT #Blackstone