Blackstone Real Estate Sells Apartment Portfolio to Equity Residential for Approximately $964 Million
08.08.24
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Simpson Thacher is representing Blackstone Real Estate in connection with its pending sale through separate transactions, including with Blackstone Real Estate Income Trust, Blackstone Real Estate Partners and Blackstone Property Partners, of 11 apartment properties to Equity Residential for approximately $964 million. The transactions, which remain subject to customary closing conditions, are expected to close in the third quarter of 2024.
The Simpson Thacher team includes Erik Quarfordt, Leanne Welds, Ryan Kesselring, Dorian Ledbetter and Kate Reinertson (Real Estate); and Nancy Mehlman, Preston Irace and Benjamin Bressler (Tax).