National + Apartments | January 19, 2017

Dealmaking activity abounded at the NMHC Annual Meeting in Orlando

Starwood Buying Milestone Apartment REIT for $2.85B

Starwood Capital Group agreed to buy Milestone Apartments Real Estate Investment Trust for a cash-for-stock transaction valued at approximately $2.85 billion. The Connecticut-headquartered Starwood will end up with more than 24,000 U.S. apartment units, as well as the REIT’s subsidiaries and assets.

Starwood and Milestone are not strangers. They partnered in 2015 to acquire Landmark Apartment Trust for approximately $1.9 billion. In 2016. Starwood acquired a massive Equity Residential portfolio consisting of 23,262 units across 72 properties in a deal valued at $5.4 billion.

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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

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