Simpson Thacher, Skadden Advise Blackstone’s $10 Billion Property Buy

Two prominent law firms advised on Blackstone Inc.'s $10 billion deal to acquire a high-end apartment landlord.

Simpson Thacher & Bartlett represented Blackstone in the transaction with Apartment Income REIT, known as AIR Communities, the firm said Monday. Lawyers at Skadden, Arps, Slate, Meagher & Flom advised AIR Communities, according to the firm.

The deal follows Blackstone’s $3.5 billion agreement to take landlord Tricon private, announced in January.

Simpson Thacher’s team is led by New York-based mergers and acquisitions partners Brian Stadler and Matthew Rogers, as well as real estate partners Erik Quarfordt and Danielle Jackson. The Skadden team includes ...