Blackstone and Apartment Income REIT Corporation (“AIR Communities”) announced that they have entered into a definitive agreement under which Blackstone Real Estate Partners X will acquire all outstanding common shares of AIR Communities for $39.12 per share in an all-cash transaction valued at approximately $10 billion, including the assumption of debt. The purchase price representsContinue reading “Blackstone Acquiring Multifamily Owner AIR Communities for $10 Billion”
Category Archives: Multifamily
Realtor.com and Zillow Ink New Multifamily Rental Listings Syndication Agreement
Realtor.com® and Zillow today announced a new agreement for Zillow to be the exclusive provider of multifamily rental listings on Realtor.com®, generating additional exposure for listings to millions of renters. As part of the new agreement, multifamily rental listings with 25 or more units advertised on Zillow will also be displayed on Realtor.com®. Renters who visitContinue reading “Realtor.com and Zillow Ink New Multifamily Rental Listings Syndication Agreement”
Rent and Mortgage Rewards Company Bilt Valued at $3.1 Billion
Bilt Rewards (“Bilt”), the leading loyalty platform specializing in rent and neighborhood rewards, today announced a $200 million equity investment, led by General Catalyst, with significant contributions by Eldridge, alongside existing investors Left Lane Capital, Camber Creek and Prosus Ventures. This catapults the company’s valuation to $3.1 billion. Bilt welcomes Ken Chenault as Chairman of itsContinue reading “Rent and Mortgage Rewards Company Bilt Valued at $3.1 Billion”
Zillow Launches New Credit-Building Payment Reporting
Zillow is introducing a new feature that allows renters who pay their rent on Zillow to have their on-time payments reported to a major national credit bureau at no cost to them. This is a first for any online rental marketplace, offering a unique opportunity for renters to build credit through regular rent payments atContinue reading “Zillow Launches New Credit-Building Payment Reporting”
Stake – Cash Back Rewards For Rent Payments and Banking
Financial technology startup Stake announced they just raised a $12 Million dollar Series A round of funding to continue developing their suite of renter-centric financial products. The startup launched in 2018 and is targeting the lucrative space of renter loyalty rewards. Who is Stake? Stake is a startup that was founded in 2018 and offersContinue reading “Stake – Cash Back Rewards For Rent Payments and Banking”