Blackstone Buys Apartment Income REIT: Value Investors Rejoice [Seeking Alpha]
Apartment Income REIT Corp. (AIRC)
Company Research
Source: Seeking Alpha
Blackstone's pending acquisition of Apartment Income REIT (AIRC) sparked renewed interest in apartment investments. Blackstone is taking AIRC private at a cash purchase price of $39.12/share, indicating their confidence in the value of the company. The early 2024 outlook for multifamily REIT investment could not have been gloomier. In its April report , Apartment List describes slowing rent growth as we enter the peak apartment leasing season. Source: Apartment List In part, this could be due to the outsized new deliveries and starts of housing units across a broad swath of markets. Source: RealPage Analytics New supply is temporarily outpacing demand, which reduces occupancy and puts pressure on rents. The investment environment is not that bad, it just pales in comparison to the sky's the limit optimism of two years ago. Then, before market on Monday April 8 , Blackstone ( NYSE: BX announced its pending acquisition of Apartment Income REIT ( AIRC ). The clouds parted
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AIRC
News
- STOCKHOLDER ALERT: The M&A Class Action Firm Continues Investigating the Merger – INRD, AIRC, MODN, ABIOGlobeNewswire
- Kuehn Law Encourages INRD, AIRC, ELYM, and ALPN Investors to Contact Law FirmGlobeNewswire
- BSR REIT: The Next Multifamily M&A Target? [Seeking Alpha]Seeking Alpha
- BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Shockwave Medical, Inc. (Nasdaq – SWAV), Apartment Income REIT Corp. (NYSE - AIRC), Model N, Inc. (NYSE – MODN), ARCA biopharma, Inc. (Nasdaq - ABIO)GlobeNewswire
- Lifshitz Law PLLC Announces Investigations of AIRC, MODN, SWAV and INRDAccesswire
AIRC
Earnings
- 2/8/24 - Miss
AIRC
Sec Filings
- 4/19/24 - Form DEFA14A
- 4/19/24 - Form 8-K
- 4/12/24 - Form 8-K
- AIRC's page on the SEC website