secwatch.observer — SEC 8-K summary
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Issuer:     Apartment Income REIT Corp. (—)
CIK:        0001820877
Form:       8-K
Filed at:   2024-07-01T23:59:59+00:00
Accession:  0001140361-24-032015
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 1.02, 2.01, 2.03, 3.01, 3.03, 5.01, 5.02, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Blackstone completes ~$10B acquisition of AIR Communities at $39.12/share, taking it private
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- All-cash deal valued at ~$10B including debt; $39.12 per share paid to common stockholders.
- $2.65B mortgage loan obtained from bank syndicate; SOFR + 2.00%, matures June 2026 with two 1-yr extensions.
- Board resigns: Keltner, Bohjalian, Finney-Cooke, Murphy, Paláu-Hernández, Rayis, Sperling, Nina Tran leave; Werner, Hamid, Reyes, McCallum, Cohn appointed.
- NYSE delisting effective June 28, 2024; Form 25 filed, Form 15 to follow; Partnership to continue SEC reporting.
- Special cash distribution of $7.70 per Partnership Common Unit paid ($79M total); valuation policy adopted for unit redemptions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1820877/000114036124032015/0001140361-24-032015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/926660/000114036124032015/ny20031796x7_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-032015

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