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Blackstone Exclusive: $10bn Acquisition of AIRC Real Estate Explained

Blackstone has struck a deal to purchase Apartment Income REIT Corp. (AIRC), commonly known as AIR Communities, in a bold move that underlines its optimism in the real estate sector.

PHOTO: Blackstone
PHOTO: Blackstone

The acquisition, an all-cash transaction, is valued at around $10 billion, inclusive of debt, with

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