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Starwood to buy Canada’s Milestone Apartments REIT in $2.9 billion deal
January 19, 2017 by creative · Leave a Comment
(Reuters) – A unit of private investment firm Starwood Capital Group said it would buy Canada's Milestone Apartments Real Estate Investment Trust in a deal valued at about $2.85 billion. Starwood Capital will pay $16.15 in cash per Milestone Apartments unit, the REIT said. Based on current exchange rates the offer equates to about C$21.47 per Milestone Apartments unit, which is a premium of 9.2 percent to the unit's close of
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Starwood to buy Canada’s Milestone Apartments REIT in $2.9 billion deal