Whitestone REIT (WSR) Shares Surge 11% on $1.7B Ares Management Acquisition
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Ares Management has agreed to acquire Whitestone REIT in an all-cash transaction worth $1.7 billion. The deal, which values Whitestone shares at $19 each, is expected to be completed in the third quarter of 2026, pending shareholder approval.
Ares Management is buying Whitestone REIT for $1.7 billion. The all-cash deal values Whitestone shares at $19 each, a 12.2% premium over the previous closing price. Whitestone's board has endorsed the transaction, which will take the company private. The REIT owns 56 retail and mixed-use properties in Texas and Arizona. The deal is expected to close in Q3 2026, pending shareholder approval. Ares Management will integrate Whitestone's properties into its real estate portfolio.
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