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BREIT completes $5.8bn acquisition of Preferred Apartment Communities

Blackstone Real Estate Income Trust (BREIT) has completed its previously announced acquisition of Preferred Apartment Communities (PAC) for $25.00 per share of common stock,...

Preferred Apartment Communities stockholders approve acquisition by BREIT

Preferred Apartment Communities (PAC) said that, at the reconvened special meeting of stockholders, its stockholders approved the acquisition of PAC by Blackstone Real Estate...

Blackstone to acquire Preferred Apartment Communities for $5.8bn

Blackstone Real Estate Income Trust (BREIT) has agreed to acquire Preferred Apartment Communities for $5.8 billion. Under the terms of the agreement, BREIT will acquire...

Preferred Apartment to sell student housing portfolio to TPG for $478m

Preferred Apartment Communities, Inc. announced that it has entered into a purchase and sale agreement to sell its student housing portfolio to TPG Real...

Preferred Apartment Communities buys Class A multifamily property in Panama City...

Preferred Apartment Communities, Inc. (PAC) has acquired Parkside at the Beach, a 2019 built 288-unit Class A multifamily community located in Panama City Beach,...

PAC buys Class A multifamily community in Tampa, Florida

Preferred Apartment Communities, Inc.(PAC) has acquired 5 Oaks at Westchase, a newly constructed 218-unit Class A multifamily community in Tampa, Florida.  "5 Oaks is another best-in-class...

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