Tag Archives: AIR Communities

Apartment stocks surge following $10B Blackstone bet

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The Bloomberg REIT Index recorded its largest single-day gain since December on Monday. The largest gains, unsurprisingly, were recorded by AIR Communities, also known as Apartment Income REIT. Continue reading →

Blackstone ramps up activity with $10B multifamily acquisition

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The acquisition of AIR Communities marks Blackstone’s largest in the multifamily sector and shows a bullishness in rental housing, as well as a mentality that the commercial market may be bottoming out. Continue reading →