Equity Residential has agreed to acquire 11 apartment properties from Blackstone Real Estate strategies in separate transactions, including Blackstone Real Estate Income Trust, Blackstone Real Estate Partners and Blackstone Property Partners, for approximately $964 million.

The properties, which are located in Atlanta, Dallas–Fort Worth and Denver, total 3,572 apartment units. These properties are attractive to Equity Residential’s higher-end renter demographic and accelerate its growth in these markets. Through its industry-leading operating platform, Equity Residential expects to unlock additional opportunities and value with these properties. The portfolio consists of four properties with 1,357 apartment units in Atlanta, four properties with 1,237 apartment units in Dallas–Fort Worth and three properties with 978 apartment units in Denver.

“Rental housing remains one of our highest-conviction themes, and we continue to see strong fundamentals in attractive