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, without interest, in an all-cash transaction valued at $5.8 billion. The holders of each series of PAC’s preferred stock will receive the $1,000 per share […]
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Acquisition Blackstone Real Estate Income Trust Jacob Werner Joel T. Murphy Preferred Apartment Communities