{"id":145308,"date":"2021-07-15T11:59:36","date_gmt":"2021-07-15T15:59:36","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&p=145308"},"modified":"2021-07-21T12:02:54","modified_gmt":"2021-07-21T16:02:54","slug":"aig-selling-affordable-housing-interest-to-blackstone-reit","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/aig-selling-affordable-housing-interest-to-blackstone-reit\/","title":{"rendered":"AIG Selling Affordable Housing Interest to Blackstone REIT"},"content":{"rendered":"

AIG Selling Affordable Housing Interest to Blackstone REIT<\/h1>\n

July 15, 2021 | S&P Global Market Intelligence<\/p>\n

\"\"AIG agreed to sell its interests in a U.S. affordable housing portfolio to Blackstone Real Estate Income Trust Inc. for $5.1 billion in cash. This transaction is expected to close in the fourth quarter.<\/p>\n

Evercore and J.P. Morgan Securities LLC are AIG’s financial advisers on the life and retirement transactions, with Wachtell Rosen Lipton & Katz and Debevoise & Plimpton LLP acting as legal advisers. With respect to the sale of the affordable housing portfolio, CBRE Capital Advisors Inc. was AIG’s financial adviser. Its legal advisers are Sullivan & Cromwell LLP, Nixon Peabody LLP and Elkins Kalt Weintraub Reuben Gartside LLP.<\/p>\n

<\/div>","protected":false},"excerpt":{"rendered":"

AIG agreed to sell its interests in a U.S. affordable housing portfolio to Blackstone Real Estate Income Trust Inc. for…<\/p>\n","protected":false},"author":2691,"featured_media":144196,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3010,2710],"tags":[],"class_list":["post-145308","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asset-manager-news","category-blackstone"],"acf":[],"yoast_head":"\nAIG Selling Affordable Housing Interest to Blackstone REIT - Blue Vault<\/title>\n<meta name=\"description\" content=\"AIG agreed to sell its interests in a U.S. affordable housing portfolio to Blackstone Real Estate Income Trust Inc. for...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/qa.bluevaultpartners.com\/aig-selling-affordable-housing-interest-to-blackstone-reit\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AIG Selling Affordable Housing Interest to Blackstone REIT - 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