- The deal with Praedium Group is for 36 properties containing about 11K units, reports Bloomberg, and will boost the number of apartments owned by Blackstone's (BX -0.7%) LivCor unit to about 43K.
- LivCor was formed in 2013 with assets acquired from a GE unit in a $2.3B deal comprising 71 properties in Texas and the Southeast.
- The new deal reportedly has about half of its buildings in California, D.C., and Boston, and would make LivCor roughly half the size of the country's multifamily giants - Equity Residential and AvalonBay.