December 17, 2021
Blackstone REIT and AIG Complete US Affordable Housing Deal

Blackstone Inc. affiliate Blackstone Real Estate Income Trust Inc. closed its buyout of American International Group Inc.'s...

Blackstone Inc. affiliate Blackstone Real Estate Income Trust Inc. closed its buyout of American International Group Inc.’s stakes in a U.S. affordable housing portfolio.

The insurer’s employees who worked full-time to support the affordable housing assets were given the option to join the portfolio company overseeing the properties.

The parties earlier said the cash transaction was valued at $5.1 billion.

Source: S&P Capital IQ

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