Preferred Apartment Communities: Blackstone REIT Completes $5.8 Billion Acquisition of Preferred Apartment Communities

Blackstone Real Estate Income Trust Inc, a publicly registered non-traded REIT managed by private equity giant The Blackstone Group (NYSE: BX), has completed its purchase of Preferred Apartments Communities, Inc. (NYSE: APTS), a publicly traded REIT, for $25.00 per share of common stock, without interest, in an all-cash transaction valued at approximately $5.8 billion. The [...] The post Blackstone REIT Completes $5.8 Billion Acquisition of Preferred Apartment Communities appeared first on The DI Wire.