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Apartment Income REIT Corp. - $AIRC STOCK NEWS

Welcome to our dedicated page for Apartment Income REIT news (Ticker: $AIRC), a resource for investors and traders seeking the latest updates and insights on Apartment Income REIT stock.

Apartment Income REIT Corp. (NYSE: AIRC) is a leading real estate investment trust (REIT) focused on owning and operating top-tier apartment communities across the United States. Headquartered in Denver, Colorado, AIRC manages 76 high-quality apartment communities, encompassing over 26,600 units spread across 10 states and the District of Columbia. The company operates in major urban markets such as Boston, Philadelphia, Los Angeles, Miami, and Washington D.C., ensuring excellent housing options for a diverse clientele.

AIRC's business model, known as the AIR Edge, emphasizes resident selection, satisfaction, and retention, coupled with relentless innovation in property management. This approach provides a durable operating advantage, driving organic growth and delivering exceptional customer service. Managed by a professional, well-trained team, AIRC consistently works to meet the needs of its residents through regular surveys and a commitment to high standards.

Recently, AIRC announced strong third-quarter financial results for 2023, achieving a GRESB score of 82 out of 100, reflecting their dedication to leadership, reporting, social responsibility, and governance. Additionally, the company declared a quarterly cash dividend and announced significant same-store revenue growth. AIRC's continuous improvements and strategic investments exemplify its commitment to delivering a superior resident experience while driving financial performance.

Through collaborations and partnerships, AIRC aims to enhance its portfolio and operational efficiency. Notably, Blackstone announced plans to acquire AIRC in an all-cash transaction valued at approximately $10 billion, which is expected to close in the third quarter of 2024, subject to stockholder approval and customary conditions. This acquisition underscores the high value of AIRC's portfolio and its potential for future growth.

For more information about Apartment Income REIT Corp. and its offerings, visit aircommunities.com.

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AIR Communities (NYSE: AIRC) has been named a Top Workplace in South Florida by The Sun Sentinel, marking the second consecutive year it has received this accolade. This recognition is based on anonymous employee feedback on workplace culture aspects such as alignment, execution, and engagement. Beth Harmon, VP of Human Resources, highlighted the supportive work environment and professional development opportunities at AIR as key factors contributing to this honor. South Florida stands out as one of AIR's fastest-growing markets, featuring properties like Southgate Towers and Flamingo Point. Besides regional accolades, AIR has earned multiple national recognitions, including three consecutive National Top Workplace honors and several Culture of Excellence awards in 2024.

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AIR Communities (NYSE: AIRC) has been named a 2024 Top Workplace in Philadelphia by The Philadelphia Inquirer. The recognition, based on anonymous employee feedback, highlights aspects of workplace culture including alignment, execution, and engagement. AIR Communities' Vice President of Human Resources, Beth Harmon, emphasized the company's focus on professional development, leadership training, and team appreciation. The company also boasts high resident retention and satisfaction rates.

AIR Communities is committed to community engagement, exemplified by their art program at Park Towne Place Museum District Residences. 2024 marks the second consecutive year AIR has appeared on Philadelphia's Top Workplace list. The company has also received similar honors in Denver, South Florida, the San Francisco Bay Area, and Washington, D.C., along with national recognition for Leadership, Innovation, Compensation and Benefits, Purpose and Values, and Work-Life Flexibility.

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AIR Communities, a subsidiary of Apartment Income REIT Corp., has been named a Top Workplace in Colorado by The Denver Post for the 11th time. The recognition is based on team member feedback gathered through a survey measuring workplace culture. Beth Harmon, AIR's VP of Human Resources, highlighted the company's commitment to a positive team experience, professional development, and leadership training. With high team engagement and a history of regional and national awards, AIR continues to excel in providing homes for families.

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Blackstone (BX) to Acquire AIR Communities (AIRC) for $10 Billion, Investing $400 Million in Portfolio Enhancement
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Apartment Income REIT Corp. (AIRC) has been named a Top Workplaces USA winner for the third consecutive year in 2024. The award is based on teammate feedback, highlighting AIR's strong commitment to fostering a positive team culture and providing rewarding work environments. AIR's nationwide team engagement score was 4.41 out of 5 in 2023, with high marks in various categories. The company's consistent recognition reflects its dedication to employee satisfaction and retention, crucial for its business success.
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Apartment Income REIT Corp. (NYSE: AIRC) announces the arrival of four new retailers at 21 Fitzsimons and The Fremont, offering a diverse range of services. The additions include Milieu Fermentation, a craft brewery, Sable and Siren Hair Co., Spinelli’s Market, and WOW Scrubs. These retailers aim to cater to the needs of residents, nearby workers, and the community, enhancing the retail offerings in Aurora.
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Apartment Income REIT Corp. (AIRC) CEO and CFO to host a roundtable discussion at the Citi 2024 Global Property CEO Conference. The event will be live-streamed with a replay option available for one year.
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National Storage Affiliates Trust (NSA) appointed Lisa R. Cohn to its Board, bringing extensive experience as a cross-functional leader and General Counsel. Ms. Cohn's background in REITs adds valuable diversity to the board. NSA will participate in Citi's 2024 Global Property CEO Conference in March.
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Apartment Income REIT Corp. (AIRC) announces the date of its 2024 annual meeting of shareholders as June 14, 2024. The Board is focused on enhancing governance, with a succession plan for the Chairman in place. Devin Murphy will take over as Chairman at the end of the first quarter. The move to a spring annual meeting cycle aims to address shareholder feedback and improve governance.
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Apartment Income REIT Corp. (AIRC) reported strong financial results for Q4 and full year 2023, with an emphasis on growth in Same Store Revenue, Net Operating Income, and Free Cash Flow. The company also announced a focus on steady growth in unlevered FCF for 2024, with potential risks in insurance and real estate taxes, and potential upsides in operational initiatives and paired trades.
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FAQ

What is Apartment Income REIT Corp. (AIRC)?

Apartment Income REIT Corp. (NYSE: AIRC) is a publicly traded real estate investment trust that owns and operates high-quality apartment communities across the United States.

What is the AIR Edge?

The AIR Edge is AIRC's business model focusing on resident selection, satisfaction, and retention, combined with innovation in property management to drive organic growth and superior customer service.

How many apartment units does AIRC manage?

AIRC manages 75 apartment communities, totaling over 26,600 units, located in 10 states and the District of Columbia.

Which markets does AIRC operate in?

AIRC operates in major urban markets including Boston, Philadelphia, Los Angeles, Miami, San Francisco, Denver, and Washington D.C.

What recent financial achievements has AIRC announced?

AIRC announced a strong third-quarter performance for 2023, including significant same-store revenue growth and a GRESB score of 82 out of 100, demonstrating their leadership in ESG practices.

What is the status of AIRC’s acquisition by Blackstone?

Blackstone announced plans to acquire AIRC in an all-cash transaction valued at approximately $10 billion, expected to close in the third quarter of 2024, pending stockholder approval and customary conditions.

What is AIRC’s commitment to ESG?

AIRC is committed to environmental, social, and governance (ESG) practices, as demonstrated by their high GRESB scores and continuous improvements in governance and social responsibility.

How does AIRC ensure resident satisfaction?

AIRC ensures resident satisfaction through regular surveys, a focus on high standards of service, and a commitment to meeting resident needs with a professional and well-trained team.

What are the benefits of AIRC's professional management?

Residents of AIRC benefit from the resources and support of a national company combined with the personalized attention of a local team, leading to high customer satisfaction and quality living environments.

Where can I find more information about AIRC?

For more information about Apartment Income REIT Corp., visit their official website at aircommunities.com.

Apartment Income REIT Corp.

NYSE:AIRC

AIRC Rankings

AIRC Stock Data

5.65B
143.98M
0.61%
102.92%
1.68%
Lessors of Residential Buildings and Dwellings
Real Estate and Rental and Leasing
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United States of America
DENVER