MHN | Equity Residential to Purchase Blackstone Portfolio for $964M

    Blackstone | EQR | MHN | Multifamily | National | Sale

    — Boston Multifamily Real Estate Investment and Development. The premier platform for a wide range of resources, tools, and advisory services for multifamily and mixed-use apartment building investors, and developers of land, in the Greater Boston area of Massachusetts.

    Aug 8, 2024

    Equity Residential is acquiring 11 apartment communities from Blackstone Real Estate for $964 million. The purchase of the properties, which total 3,572 apartments, will close later this year.

    The properties will be purchased in separate transactions from Blackstone Real Estate entities, including Blackstone Real Estate Income Trust, Blackstone Real Estate Partners and Blackstone Property Partners. All of the transactions are expected to close in the third quarter.

    Source: Equity Residential to Purchase Blackstone Portfolio for $964M – Multi-Housing News

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