Apartment Income REIT (AIRC) Proxy Filing summary

Executive summary

• Glass Lewis and ISS both recommend stockholders vote in favor of the proposed all-cash acquisition by Blackstone Real Estate Partners X at $39.12 per share, with the special meeting scheduled for June 25, 2024.

• The acquisition is expected to close on or about June 28, 2024, pending shareholder approval and satisfaction of customary closing conditions.

• Forward-looking statements highlight expectations for the merger's completion and its anticipated effects, while cautioning about inherent uncertainties and risks.

Voting matters and shareholder proposals

• Stockholders are asked to vote on the approval of the merger agreement with Blackstone, with the board unanimously recommending a "FOR" vote.

• Only stockholders of record as of May 13, 2024, are eligible to vote at the special meeting.

Board of directors and corporate governance

• The board of directors has reviewed and recommended the merger proposal, aligning with the recommendations of leading proxy advisory firms.

• Directors, executive officers, and certain employees may be considered participants in the proxy solicitation process.