Whitestone REIT Acquired by Ares Real Estate Management Holdings | Real Estate Services M&A Deal

Ares Real Estate Management Holdings has acquired Whitestone REIT, a real estate services other business in Texas, for $19.00 per share in cash. Whitestone REIT is a Texas real estate investment trust that owns and manages real estate assets, supporting income-focused portfolios and property operations. Ares Real Estate Management Holdings acquisitions in real estate services M&A align with a strategic acquisition plan to expand its Texas real estate services footprint. The merger acquisition is structured as a merger acquisition with an Ares affiliate merger sub, with Whitestone REIT shareholders receiving $19.00 in cash, without interest, and the deal status is announced.