The South Florida multifamily sector continues to attract significant institutional capital, as evidenced by a major financing deal recently closed in Palm Beach Gardens. The Dermot Company, working in collaboration with investment partners PGGM and
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Alternative investment giant Ares Management is taking Houston-based Whitestone REIT private in an all-cash transaction valued at roughly $1.7 billion. The definitive merger agreement will transfer ownership of 56 convenience-oriented retail properties into the Ares Real Estate portfolio.
Global alternative investment manager Ares Management is acquiring Houston-based Whitestone REIT in an all-cash transaction valued at roughly $1.7 billion. The deal will absorb 56 community-oriented retail centers, fundamentally shifting the ownership of these neighborhood assets from public to private hands.
Global alternative investment manager Ares Management has acquired Whitestone REIT in an all-cash transaction valued at $1.7 billion. The deal takes the Houston-based retail property owner private, handing Ares a concentrated portfolio of community shopping centers located entirely within the high-growth Arizona and Texas markets.