Deal snapshot: Blackstone Real Estate Income Trust Closes USD 5.8bn Acquisition of Preferred Apartment Communities.
MANews-(C)2009-2022
US-based alternative investment management company Blackstone's (NYSE: BX) Blackstone Real Estate Income Trust, Inc platform has closed the acquisition of US-based real estate investment trust Preferred Apartments Communities, Inc. (NYSE: APTS) for USD 25.00 per share of common stock, without interest, in an all-cash transaction valued at approximately USD 5.8bn, BX said.
The holders of each series of PAC's preferred stock will...
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