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08.04.2024 14:40:40
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Apartment Income REIT Jumps In Pre-market On Reports Of Acquisition By Blackstone
(RTTNews) - Shares of Apartment Income REIT Corp. (AIRC) were rising more than 23 percent in pre-market on Monday to $38.61, after The Wall Street Journal reported that alternative asset manager Blackstone has agreed to acquire the company for about $10 billion.
Apartment Income's portfolio consists of 76 communities totaling 27,010 apartment homes located across the United States.
Apartment Income REIT shares had closed at $31.35, down 0.38 percent on Friday. The stock has been trading in the range of $28.22 - $37.36 in the last 1 year.
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