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Starwood Ups Initial Bid for Milestone Apartments REIT Buyout

An affiliate of Starwood Capital Group agreed to sweeten its offer to take Milestone Apartments Real Estate Investment Trust private through a cash-for-stock transaction. Under the revised bid announced in a joint release by the two companies, Milestone Apartments REIT unitholders will receive 10 cents more per trust unit than Starwood’s original cash-for-stock offer valuing […]

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Starwood Buying Milestone Apartments REIT for $2.85 Billion

An affiliate of Starwood Capital Group has agreed to buy Milestone Apartments Real Estate Investment Trust (TSX: MST.UN) and its more than 24,000 US apartment units in a cash-for-stock transaction valued at approximately $ 2.85 billion. The Connecticut-based Starwood headed by noted real estate investor Barry Sternlicht will acquire all of Milestone’s subsidiaries and assets […]

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Radco Cos. Acquires The Newport Villas Apartments in Tampa

The Radco Cos. completed its sixth acquisition of 2016 with the closing of The Newport Villas Apartments in Tampa, Florida. The property, renamed Mabry Manor, adds 372 B minus Class units to its portfolio and will be managed by Radco Residential, the company‚Äôs proprietary management platform. The purchase price for Mabry Manor was $ 20.1 […]

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Crow Holdings Capital Sells Clearwater Apartments

GSC acquired the 288-unit Aluna Largo apartments at 14330 58th St. N in Clearwater, FL from Crow Holdings Capital Real Estate for $ 36 million, or $ 125,000 per unit. The 317,004-square-foot multifamily community consists of one-, two- and three-bedroom units across 12 buildings. It was constructed in 2005 on 19 acres in Pinellas County. […]

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