Oct
22
Starwood Capital, Milestone to Buy Apartment Owner Landmark
By-
Transaction is valued at $1.9 billion, including debt
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Landmark will remain a closely held company, scraps IPO
Starwood Capital Group and Milestone Apartments Real Estate Investment Trust agreed to buy Landmark Apartment Trust Inc., an owner of multifamily properties in the southern U.S., in a deal valued at $1.9 billion, including debt.
A Starwood and Milestone-owned entity called Monument Partners will acquire the landlord for $8.17 a share, Landmark said in a statement Thursday. The deal includes 78 apartment communities in eight states, with concentrations in cities such as Dallas, Atlanta and Nashville, Tennessee…
Starwood Capital, Milestone to Buy Apartment Owner Landmark
