Blackstone Launches April Housing
More than 90,000 units will be overseen by the new company.
Blackstone Real Estate Income Trust has formed April Housing, a new portfolio company that will focus on affordable housing across the United States. The firm will provide solutions and capital to create and preserve affordable housing, including assets within its own portfolio.
April Housing’s portfolio will include the more than 90,000 units of affordable housing that were acquired by Blackstone following its purchases of American International Group in July 2021 and The Cornerstone Group in January 2022. The properties are in major markets around the country, including Dallas, Houston and Austin, Texas; Denver; Miami and Fort Lauderdale, Fla.; Los Angeles and San Francisco.
