Plans to Invest More Than $400 Million to Maintain and Improve Existing Portfolio, Illustrating Commitment to Delivering a Leading Resident Experience NEW YORK & DENVER – April 8, 2024 – Blackstone (NYSE: BX) and Apartment Income REIT Corp. (NYSE: AIRC) (“AIR Communities” or the “Company”) today announced that they have entered into a definitive agreement […]

Blackstone announced the closing of the sale of Arc Place, a high-quality Grade A office building in the Gangnam Business District in Seoul, South Korea, to KORAMCO. This marks the largest commercial real estate transaction in Seoul’s major business district since 2022.

Rexford Industrial Realty, Inc. (“Rexford Industrial”) (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, and Blackstone (NYSE: BX), announced Rexford Industrial acquired approximately 3 million square feet of industrial properties pursuant to separate transactions with Blackstone Real Estate, including the Blackstone Property Partners strategy as well as Blackstone Real Estate Partners and Blackstone Real Estate Income Trust, for an aggregate purchase price of $1.0 billion.

Blackstone announced that it will host its first quarter 2024 investor conference call via public webcast on April 18, 2024 at 9:00 a.m. ET.

Blackstone announced a new collaboration with Moderna, Inc. through a development and commercialization funding agreement where funds managed by Blackstone Life Sciences will provide up to $750 million to fund Moderna’s influenza program.

KeyCorp announced a forward flow origination partnership with Blackstone Credit & Insurance focused on Key’s Specialty Finance Lending group.