Apartment Income REIT surges following WSJ report of Blackstone's $10 bln buyout
08/04/2024 13:28
** Apartment Income REIT Corp AIRC.N jumps 24% to $38.74
before the bell
** Blackstone BX.N to acquire AIRC, owner of upscale
apartment buildings, for about $10 billion, the Wall Street
Journal reports
** Acquisition is Blackstone's largest transaction in the
multifamily market, as per the WSJ report
** AIRC stock has lost roughly 10% value so far this year
(Reporting by Pratyush Thakur)
((Pratyush.Thakur@thomsonreuters.com))
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