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Starwood Buying Milestone Apartments REIT for $2.85 Billion

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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 after agreeing to pay Milestone unitholders $ 16.15 per trust-unit in cash…
Tampa/St. Petersburg Commercial Real Estate News From CoStar Group

Post Tagged with $2.85, Apartments, Billion, Buying, Milestone, REIT, Starwood

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