Blackstone plans to buy Preferred Apartment in $5.8 bn deal

18 Feb 2022 CW Team

Preferred Apartment Communities Inc told the media that a Blackstone Inc unit would buy its $5.8 billion deal as the world's biggest alternate asset manager increases its investments in the USA housing sector.

Blackstone Real Estate Income Trust's (BREIT) all-cash offer of $25 per share is about 40% higher than Preferred Apartment's stock which closed on 9 February. BREIT's shares increased by 7% to $25.04.

This offer comes during a strong economic recovery, ultra-low interest rates and continuous demand for bigger homes have increased home prices in the USA. Last year, the private equity firm bought Home Partners of America in a $6 billion contract.

Preferred Apartment Communities are rental apartment owners that own and operate multifamily properties, investing in grocery-anchored shopping centres.

BREIT invests in stabilised, income-generating US commercial real estate sectors across major property types, including residential, industrial, hotel, retail and office spaces.

According to the terms of the deal, it includes a 30-day go-shop period expiring on 18 March 2022, during which Preferred Apartment is allowed to seek alternate bids. The deal is expected to close by the end of the second quarter (Q2) of this fiscal year.

Image Source

Also read: Blackstone plans $7.1 bn IPO for Building Materials Europe BV

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..