Blackstone to Buy Preferred Apartment Communities in $5.8 Bln Deal

Reuters, Feb. 16, 2022–Manya Saini, Niket Nishant
Preferred Apartment Communities Inc said on Wednesday a Blackstone Inc unit would buy it in a $5.8 billion deal, as the world’s biggest alternate asset manager ramps up investments in the red-hot U.S. housing sector.
https://www.reuters.com/business/finance/blackstone-buy-preferred-apartment-communities-58-bln-deal-wsj-2022-02-16/