Starwood to buy Milestone Apartments REIT in $2.9 bln deal: Reuters
A unit of U.S. private investment firm Starwood Capital Group said it would buy Canada's Milestone Apartments Real Estate Investment Trust in a deal valued at about US$2.85 billion, Reuters reported. Milestone Apartments' portfolio consists of 78 multi-family residential properties, comprising 24,061 apartment units, located throughout the Southeast and Southwest United States. The transaction implies an average price of about US$120,000 per apartment unit, the Toronto-based REIT said.
19 January 2017•1 min read
