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Air Control Concepts Announces Investment from Blackstone

Air Control Concepts (“AIR”), previously known as Hobbs & Associates, a company that partners with and supports leading commercial HVAC equipment manufacturers, announced today that it will welcome funds managed by Blackstone’s private equity strategy for individual investors (“Blackstone”) as an equity investment partner alongside existing investors, funds affiliated with Madison Dearborn Partners (“MDP”) and AIR’s management team, to help support the continued growth of AIR’s business.

Blackstone Real Estate Completes Privatization of AIR Communities for Approximately $10 Billion

NEW YORK & DENVER — Blackstone (NYSE: BX) and Apartment Income REIT Corp. (“AIR Communities” or the “Company”) today announced that Blackstone Real Estate Partners X (“Blackstone”) has completed its previously announced acquisition of all outstanding common shares of AIR Communities for $39.12 per share in an all-cash transaction valued at approximately $10 billion, including […]

Blackstone Real Estate and MRP Group Increase Price of All-Cash Tender Offer for Terrafina

New York & Mexico City — Blackstone Real Estate and MRP Group, a developer, owner and operator of real estate in Mexico, today announced that a Mexican trust formed by their affiliates has increased the price of its tender offer for up to 100% of the outstanding real estate trust certificates of Terrafina (BMV:TERRA 13) […]

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