Blackstone acquires AIR Communities for $10 billion in a strategic move to enhance its real estate portfolio. The deal includes a 25% premium per share, reflecting Blackstone s focus on rental housing amidst market shifts.
David Berman, who co-founded Tricon in 1988, will walk away with US$53.2-million, while his son Gary, who is Tricon’s chief executive officer, will get US$43.2-million