Blackstone to buy Preferred Apartment Communities in $5.8 bln deal

Signage is seen outside The Blackstone Group headquarters in Manhattan, New York, U.S., November 12, 2021. REUTERS/Andrew Kelly/File Photo

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Feb 16 (Reuters) – Real estate investment trust Preferred Apartment Communities Inc (APTS.N)said on Wednesday Blackstone Real Estate Income Trust will buy it in a $5.8 billion deal.

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