Blackstone's REIT Buying Binge Continues as It Agrees to a $3.7 Billion Apartment REIT Deal

Blackstone's REIT Buying Binge Continues as It Agrees to a $3.7 Billion Apartment REIT Deal

Blackstone Group (NYSE: BX) is at it again. The private-equity giant is buying another real estate investment trust (REIT). This time, it's paying $3.7 billion to acquire Resource REIT, a non-traded REIT focused on owning apartment buildings.