Ares Management Acquires Whitestone REIT in $1.7B All-Cash Deal
Whitestone REIT, a Houston-based real estate investment trust (REIT) with a shopping center portfolio exclusively invested in Arizona and Texas and a market capitalization of $971 million, is no longer a public company.
Summary
The REIT announced Thursday it has been purchased by private equity giant Ares Management in an all-cash $1.
Whitestone REIT, a Houston-based real estate investment trust (REIT) with a shopping center portfolio exclusively invested in Arizona and Texas and a market capitalization of $971 million, is no longer a public company. The REIT announced Thursday it has been purchased by private equity giant Ares Management in an all-cash $1.7 billion deal. The $1.7 […]
Source
- Commercial Observercommercialobserver.com
