Blackstone to Acquire American Campus for $13 Billion
- Barry Adams
- U.S.A. New York City
-
Blackstone agreed to acquire American Campus Communities for $12.8 billion. The cash offer of $65.47 a share is 14% higher than the last close price of ACC.
Blackstone agreed to acquire American Campus Communities for $12.8 billion. The cash offer of $65.47 a share is 14% higher than the last close price of ACC.
The company has been looking for ways to return capital to shareholders after the activist investor controlled Land & Buildings has been urging the Board to sell its assets and buy back stock.
M&A activities in the REIT sector have been fueled by low interest rates and cheap REIT stocks.
In December, Blackstone also acquired Bluerock Residential Growth REIT for $3.6 billion.
Annual Returns
| Company | Ticker | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| American Campus Communities Inc | ACC | 0% | 0% | 0% |
| The Blackstone Group L P | BX | 1% | 31% | 59% |