Apartment Income REIT Corp.
Classification
Private
Financials
Revenue & Profit
Valuation
Ratios
People
Deals
M&A2024-03-15Completed
Investor Sponsors NorthBridge PE | Stake Tags 100% |
Deal Amount $120M | Is PE deal Yes |
Target Company Valuation $1.20 MM | Is deal PE backed Yes |
Techniques Acquisition of Assets, Taken Private | Total Acquired 100% |
Investor Sponsors
Deal Amount
$120M
Target Company Valuation
$1.20 MM
Techniques
Acquisition of Assets, Taken Private
Stake Tags
100%
Is PE deal
Yes
Is deal PE backed
Yes
Total Acquired
100%
Secondary Transaction2023-09-01Canceled
Investor Sponsors -- | Stake Tags Majority |
Deal Amount Undisclosed | Is PE deal No |
Target Company Valuation -- | Is deal PE backed Yes |
Techniques Secondary Sale, Management Buy-out (MBO) | Total Acquired 65% |
Investor Sponsors
--
Deal Amount
Undisclosed
Target Company Valuation
NaN
Techniques
Secondary Sale, Management Buy-out (MBO)
Stake Tags
Majority
Is PE deal
No
Is deal PE backed
Yes
Total Acquired
65%
Funding
About
About
Apartment Income REIT Corp., commonly known as AIR Communities, is a U.S.-based real estate investment trust (REIT) focused on owning and operating multifamily apartment communities across major metropolitan markets in the United States. Headquartered in Denver, Colorado, AIR was formed in 2020 as a self-administered and self-managed REIT with a simple and predictable business model centered on delivering exceptional living experiences and best-in-class property operations. In 2024, AIR Communities was acquired by global investment firm Blackstone in a transaction valued at roughly $10 billion, transitioning the company to private ownership while maintaining its core operating platform. Products / Services: 1. Multifamily Apartment Ownership & Leasing - Ownership and leasing of stabilized apartment communities, offering a range of residential units in desirable U.S. metro areas with professional property oversight. 2. Property Management Services - Comprehensive daily property operations including resident services, lease administration, maintenance coordination, and community engagement to support high occupancy and satisfaction. 3. Resident Experience & Support - Services designed to enhance living quality and satisfaction such as responsive customer service, resident portals, community events, and support systems throughout tenancy. 4. Portfolio Optimization & Asset Management - Strategic management of the property portfolio through selective acquisitions, dispositions, and performance enhancements to maximize long-term returns and operational efficiency. 5. Corporate & Stakeholder Reporting - Financial reporting, investor relations, and compliance activities associated with being a publicly traded REIT (before being taken private), including performance disclosures and governance communications. 6. ESG & Corporate Responsibility Initiatives - Implementation of environmental, social, and governance programs, including sustainability efforts for property certifications and community engagement activities.
Keywords
Keywords
Classified
Private