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Starwood Buying Milestone Apartments REIT for $2.85 Billion

Deal Will Add 24,000 Apt. Units in US Sunbelt Markets to Starwood Capital's Portfolio
By Tim Trainor
CoStar News
January 19, 2017 | 3:38 P.M.

An affiliate of Starwood Capital Group has agreed to buy Milestone Apartments Real Estate Investment Trust (TSX: MST.UN) and its more than 24,000 US apartment units in a cash-for-stock transaction valued at approximately $2.85 billion.

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