Blackstone REIT Buys $5.1 Affordable Housing Portfolio

August 19, 2021

American International Group and Blackstone Real Estate Income Trust (BREIT), a long-term, perpetual capital vehicle affiliated with Blackstone, have reached a definitive agreement for BREIT to acquire AIG’s interests in a U.S. affordable housing portfolio for approximately $5.1 billion, in an all-cash transaction. This transaction is subject to customary closing conditions and is expected to close in fourth quarter 2021.

We’ve been investing in Affordable Housing from the beginning and this validates that you really can invest with your head and your heart.

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