Ares-managed funds will acquire Whitestone REIT (WSR-N) in an all-cash deal valuing the U.S. shopping-center owner at about $1.7 billion. The transaction delivers immediate cash consideration to Whitestone shareholders and represents a sizable private-equity take-private of a listed retail REIT, likely to be material for the U.S. retail REIT sector.
Ares-managed funds will acquire Whitestone REIT (WSR-N) in an all-cash deal valuing the U.S. shopping-center owner at about $1.7 billion. The transaction delivers immediate cash consideration to Whitestone shareholders and represents a sizable private-equity take-private of a listed retail REIT, likely to be material for the U.S. retail REIT sector.
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