Blackstone to buy American Campus Communities in $12.8 billion deal - WSJ
The deal underscores Blackstone's bet that rents will continue to rise as colleges open and students return to campus, the report said.
Source: www.reuters.com
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(Reuters) - Asset manager Blackstone Inc has agreed to buy student-housing owner American Campus Communities Inc for about $12.8 billion including debt, the Wall Street Journal reported on Tuesday. ()
The companies did not immediately respond to Reuters requests for comment.
Reporting by Niket Nishant in Bengaluru; Editing by Devika Syamnath
