Blackstone is acquiring Bluerock Residential, a real estate investment trust focused on multifamily properties, for $3.6 billion as part of the investment giant’s continued push into the rental market. New York-based Bluerock Residential Growth REIT announced Monday that it had reached an agreement to sell its outstanding common stock to affiliates of Blackstone Real Estate for $24.25 per share — an all-cash deal that Bluerock said represented a 125 percent premium over it closing price The post Blackstone buying multifamily REIT Bluerock for $3.6B appeared first on The Real Deal New York.