Blackstone Stock News

Preferred Apartments (APTS) rose 11% and closed at $25.80, above its announced $25/share sale to Blackstone (BX) at least partly on some expectations that it could get a higher bid in…

Simpson Thacher & Bartlett is advising Blackstone Inc’s real estate investing arm on its roughly $5.8 billion acquisition of rental apartment owner Preferred Apartment Communities, which has turned to King & Spalding and Vinson & Elkins for guidance on the deal.

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Preferred Apartment Communities (APTS) trades 7.6% higher premarket after it entered into a definitive agreement with Blackstone''s (BX) Real Estate Income Trust wherein the latter…

Preferred Apartment Communities Inc. said Wednesday it agreed to be acquired for $25 a share, or about $5.8 billion, in a take-private deal by Blackstone Real Estate Income Trust Inc., a REIT managed by Blackstone Group Inc. . The deal values Atlanta-based Preferred Apartment Communities at a premium of 39% over the unaffected closing stock price on Feb. 9, the date prior to a report that the company was exploring strategic options including a sale. Shares of Preferred Apartment Communities jumped 7.6% in pre-market trades. The deal includes 44 multifamily communities totaling approximately 12,000 units in Atlanta, Orlando, Tampa, Jacksonville, Charlotte and Nashville, and 54 grocery-anchored retail assets located mostly in Atlanta, Orlando, Nashville and Raleigh. BREIT will also acquire the Company''s two Sun Belt office properties and 10 mezzanine/preferred equity investments collateralized by under construction and newly-built multifamily assets. Preferred Apartment Communities CEO said the transaction marks an "excellent outcome for our stockholders." Jacob Werner, co-head of Americas acquisitions for Blackstone Real Estate, led the deal for the firm.

Blackstone Inc. agreed to buy Preferred Apartment Communities Inc, a rental apartment company, in a deal valued at $5.8 billion, the Wall Street Journal reported on Wednesday. Preferred Apartment, lo…

In asset classes of their own, these two stocks are poised for growth no matter where the market is going.

Blackstone's investment in Cloudinary values the closely held media-technology company at $2 billion.

Blackstone (BX) announced that existing investors in Mileway, its pan-European last mile logistics company, have agreed to recapitalize the company for €21B alongside Blackstone''s…

Big banking groups and private equity houses are expected to pay out billions of pounds in bonuses to their employees as earnings season fast approaches. Banks like NatWest Group PLC (LSE:NWG), Barcla

Blackstone Inc said on Tuesday existing investors in Mileway, its pan-European last mile logistics company, have agreed to recapitalize the company for 21 billion euros ($23.77 billion).

Jonathan Litt''s Land & Buildings Investment Management fund added a position in Americold Realty Trust (COLD) with 670K shares, Blackstone (BX) with 135K shares, and Caesars…

Crown Resorts backed a $6.3 billion buyout from private equity giant Blackstone Inc, giving billionaire James Packer an exit route from the Australian casino firm

Australian casino operator Crown Resorts said it accepted Blackstone''s (BX) takeover proposal that values the company at A$8.9B (US$6.3B).Under the deal terms, Crown shareholders

Crown Resorts backed a $6.3 billion buyout from private equity giant Blackstone on Monday, giving billionaire James Packer an exit route from the Australian casino firm beset by scandals and regulator