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AIR Communities Announces two Joint Ventures with a Value of $1.2 Billion; Proceeds to be used to Reduce Indebtedness and Fund Accretive Acquisitions

Apartment Income REIT Corp. (NYSE:AIRC) ("AIR") announced today joint ventures, with two of the world's largest real estate investors, to recapitalize 11 properties valued at an aggregate of $1.2 billion based on a