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Apartment Income REIT Corp (NYSE: AIRC) is a publicly traded, self-administered real estate investment trust (“REIT”). AIR’s portfolio comprises 76 communities totaling 27,010 apartment homes located in 10 states and the District of Columbia. AIR offers a simple, predictable business model with focus on what we call the AIR Edge, the cumulative result of our focus on resident selection, satisfaction, and retention, as well as relentless innovation in delivering best-in-class property management. The AIR Edge is a durable operating advantage in driving organic growth, as well as making possible the opportunity for excess returns for properties new to AIR’s platform. As of June 28, 2024, Apartment Income REIT Corp. operates as a subsidiary of Blackstone Real Estate Advisors L.P.
Blackstone's Big Move | Explore the implications of Blackstone's $10 billion acquisition of Apartment Income REIT, signaling strong interest in high-quality multifamily assets |
Premium Portfolio | Delve into AIRC's strategic focus on supply-constrained coastal markets, driving robust financial performance and attracting premium valuations |
Sector Ripple Effects | Uncover how AIRC's acquisition could spark a trend of consolidation in the multifamily REIT sector, potentially impacting valuations across the industry |
Valuation Insights | Analysts set an average price target of $38.06, with BMO Capital Markets matching Blackstone's offer at $39.12 amid varied perspectives on the deal |