Blackstone Acquires AIG’s Interests in U.S. Affordable Housing Assets
07.16.21
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Simpson Thacher is representing Blackstone Real Estate Investment Trust in connection with the acquisition of AIG’s interests in a U.S. affordable housing portfolio that includes 678 communities for approximately $5.1 billion, in an all cash transaction. The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2021.
The Simpson Thacher team includes Krista Miniutti, Davis Coen, Greg Ressa, Kathryn Christoforatos, Carla Elliot, Brendan Galloway, Taylor Hatch, Gianna Ceophas, Maddie Danziger and Lucas Fernandez-Rocha (Real Estate); Nancy Mehlman and Eli Shalam (Tax); Ben Wells (Funds); and Kelly Karapetyan (Antitrust). Summer associates Spencer Goodson and Shelby Shearson provided valuable assistance.