(Il Sole 24 Ore Radiocor) - Milano, 9 apr - The US investment company Ares Management Corporation said that it has entered an agreement to buy Whitestone REIT for about 1.7 billion dollars.

Ares will acquire all outstanding Whitestone common shares and operating partnership units for 19.00 dollars per share or unit in an all-cash transaction.

The purchase price represents a 12.2% premium to Whitestone's closing stock price on April 8.

Whitestone's portfolio as of March 31 comprises 56 high-quality, convenience-focused retail properties totaling approximately 4.9 million square feet in some of the country's fastest growing markets including Phoenix, Austin, Dallas-Fort Worth, Houston and San Antonio, according to Ares.

The transaction is expected to close in the third quarter of.

2026, it added.

(RADIOCOR) 09-04-26 13:01:33 (0375) 5 NNNN